6-Month T-bill BS20110V (28 May 2020) Cut-Off Yield 0.23%

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28 May 2020

This issue offers investors a cut-off yield of 0.23% p.a., higher than that (0.20% p.a.) of the previous issue, BS20109S (14 May 2020).

The total value of applications in this auction was $9.1B, representing a bid-to-cover ratio of 2.18. This is lower than the $11.6B (bid-to-cover ratio 3.22) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 0.23% get around 47.72% of the amount applied.

Auction Closed

Announcement Date
20 May 2020 Notify me
Auction Date
28 May 2020 Notify me
Issue Date
02 Jun 2020
Maturity Date
01 Dec 2020
Issue Code
BS20110V
ISIN Code
SGXZ43218304
Cut-Off Yield
0.23% p.a.
Cut-Off Price
99.885
Median Yield
0.16% p.a.
Median Price
99.920
Average Yield
0.15% p.a.
Average Price
99.925
Total Amount Offered
$4,200,000,000
Amount Allotted to Non-Competitive Applications
$37,250,000
Total Amount Applied
$9,147,387,000
% of Competitive Applications at Cut-off Allotted
47.72%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.18

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