6-Month T-bill BS20106E (02 Apr 2020) Cut-Off Yield 0.70%

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02 Apr 2020

This issue offers investors a cut-off yield of 0.70% p.a., lower than that (1.40% p.a.) of the previous issue, BS20105A (19 Mar 2020).

The total value of applications in this auction was $8.1B, representing a bid-to-cover ratio of 2.70. This is higher than the $6.5B (bid-to-cover ratio 1.77) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 0.70% get around 36.55% of the amount applied.

Auction Closed

Announcement Date
26 Mar 2020 Notify me
Auction Date
02 Apr 2020 Notify me
Issue Date
07 Apr 2020
Maturity Date
06 Oct 2020
Issue Code
BS20106E
ISIN Code
SGXZ85476646
Cut-Off Yield
0.70% p.a.
Cut-Off Price
99.651
Median Yield
0.55% p.a.
Median Price
99.726
Average Yield
0.50% p.a.
Average Price
99.751
Total Amount Offered
$3,000,000,000
Amount Allotted to Non-Competitive Applications
$23,440,000
Total Amount Applied
$8,089,034,000
% of Competitive Applications at Cut-off Allotted
36.55%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.70

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