6-Month T-bill BS19104V (22 Aug 2019) Cut-Off Yield 1.83%

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22 Aug 2019

This issue offers investors a cut-off yield of 1.83% p.a., higher than that (1.82% p.a.) of the previous issue, BS19103N (06 Aug 2019).

The total value of applications in this auction was $8.8B, representing a bid-to-cover ratio of 2.39. This is higher than the $7.1B (bid-to-cover ratio 2.08) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 1.83% get around 6.26% of the amount applied.

Auction Closed

Announcement Date
15 Aug 2019 Notify me
Auction Date
22 Aug 2019 Notify me
Issue Date
27 Aug 2019
Maturity Date
25 Feb 2020
Issue Code
BS19104V
ISIN Code
SGXZ65932600
Cut-Off Yield
1.83% p.a.
Cut-Off Price
99.088
Median Yield
1.72% p.a.
Median Price
99.142
Average Yield
1.43% p.a.
Average Price
99.287
Total Amount Offered
$3,700,000,000
Amount Allotted to Non-Competitive Applications
$43,275,000
Total Amount Applied
$8,828,336,000
% of Competitive Applications at Cut-off Allotted
6.26%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.39

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