6-Month T-bill BS20103N (20 Feb 2020) Cut-Off Yield 1.58%

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20 Feb 2020

This issue offers investors a cut-off yield of 1.58% p.a., lower than that (1.61% p.a.) of the previous issue, BS20102W (06 Feb 2020).

The total value of applications in this auction was $9.5B, representing a bid-to-cover ratio of 2.57. This is lower than the $9.7B (bid-to-cover ratio 2.86) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 1.58% get around 29.76% of the amount applied.

Auction Closed

Announcement Date
13 Feb 2020 Notify me
Auction Date
20 Feb 2020 Notify me
Issue Date
25 Feb 2020
Maturity Date
25 Aug 2020
Issue Code
BS20103N
ISIN Code
SGXZ88952916
Cut-Off Yield
1.58% p.a.
Cut-Off Price
99.212
Median Yield
1.49% p.a.
Median Price
99.257
Average Yield
1.26% p.a.
Average Price
99.372
Total Amount Offered
$3,700,000,000
Amount Allotted to Non-Competitive Applications
$9,720,000
Total Amount Applied
$9,507,770,000
% of Competitive Applications at Cut-off Allotted
29.76%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.57

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