6-Month T-bill BS20122H (12 Nov 2020) Cut-Off Yield 0.30%

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12 Nov 2020

This issue offers investors a cut-off yield of 0.30% p.a., higher than that (0.28% p.a.) of the previous issue, BS20121S (29 Oct 2020).

The total value of applications in this auction was $7.2B, representing a bid-to-cover ratio of 2.01. This is lower than the $8.7B (bid-to-cover ratio 2.30) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 0.30% get around 98.34% of the amount applied.

Auction Closed

Announcement Date
05 Nov 2020 Notify me
Auction Date
12 Nov 2020 Notify me
Issue Date
17 Nov 2020
Maturity Date
18 May 2021
Issue Code
BS20122H
ISIN Code
SGXZ88924709
Cut-Off Yield
0.30% p.a.
Cut-Off Price
99.850
Median Yield
0.25% p.a.
Median Price
99.875
Average Yield
0.20% p.a.
Average Price
99.900
Total Amount Offered
$3,600,000,000
Amount Allotted to Non-Competitive Applications
$2,143,000
Total Amount Applied
$7,240,604,000
% of Competitive Applications at Cut-off Allotted
98.34%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.01

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