6-Month T-bill BS20114Z (23 Jul 2020) Cut-Off Yield 0.27%

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23 Jul 2020

This issue offers investors a cut-off yield of 0.27% p.a., higher than that (0.26% p.a.) of the previous issue, BS20113F (09 Jul 2020).

The total value of applications in this auction was $8.0B, representing a bid-to-cover ratio of 2.09. This is lower than the $8.8B (bid-to-cover ratio 2.33) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 0.27% get around 47.05% of the amount applied.

Auction Closed

Announcement Date
16 Jul 2020 Notify me
Auction Date
23 Jul 2020 Notify me
Issue Date
28 Jul 2020
Maturity Date
26 Jan 2021
Issue Code
BS20114Z
ISIN Code
SGXZ90546128
Cut-Off Yield
0.27% p.a.
Cut-Off Price
99.865
Median Yield
0.21% p.a.
Median Price
99.895
Average Yield
0.16% p.a.
Average Price
99.920
Total Amount Offered
$3,800,000,000
Amount Allotted to Non-Competitive Applications
$7,553,000
Total Amount Applied
$7,953,951,000
% of Competitive Applications at Cut-off Allotted
47.05%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.09

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