6-Month T-bill BS20121S (29 Oct 2020) Cut-Off Yield 0.28%

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29 Oct 2020

This issue offers investors a cut-off yield of 0.28% p.a., higher than that (0.25% p.a.) of the previous issue, BS20120Z (15 Oct 2020).

The total value of applications in this auction was $8.7B, representing a bid-to-cover ratio of 2.30. This is higher than the $8.5B (bid-to-cover ratio 2.43) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 0.28% get around 37.14% of the amount applied.

Auction Closed

Announcement Date
22 Oct 2020 Notify me
Auction Date
29 Oct 2020 Notify me
Issue Date
03 Nov 2020
Maturity Date
04 May 2021
Issue Code
BS20121S
ISIN Code
SGXZ86938016
Cut-Off Yield
0.28% p.a.
Cut-Off Price
99.860
Median Yield
0.24% p.a.
Median Price
99.880
Average Yield
0.20% p.a.
Average Price
99.900
Total Amount Offered
$3,800,000,000
Amount Allotted to Non-Competitive Applications
$28,273,000
Total Amount Applied
$8,742,808,000
% of Competitive Applications at Cut-off Allotted
37.14%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.30

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