6-Month T-bill BS21105V (18 Mar 2021) Cut-Off Yield 0.44%

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18 Mar 2021

This issue offers investors a cut-off yield of 0.44% p.a., higher than that (0.35% p.a.) of the previous issue, BS21104N (04 Mar 2021).

The total value of applications in this auction was $7.6B, representing a bid-to-cover ratio of 1.89. This is lower than the $9.5B (bid-to-cover ratio 2.38) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 0.44% get around 56.30% of the amount applied.

Auction Closed

Announcement Date
11 Mar 2021 Notify me
Auction Date
18 Mar 2021 Notify me
Issue Date
23 Mar 2021
Maturity Date
21 Sep 2021
Issue Code
BS21105V
ISIN Code
SGXZ44844975
Cut-Off Yield
0.44% p.a.
Cut-Off Price
99.781
Median Yield
0.30% p.a.
Median Price
99.850
Average Yield
0.28% p.a.
Average Price
99.860
Total Amount Offered
$4,000,000,000
Amount Allotted to Non-Competitive Applications
$29,629,000
Total Amount Applied
$7,554,238,000
% of Competitive Applications at Cut-off Allotted
56.30%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
1.89

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