6-Month T-bill BS21121Z (28 Oct 2021) Cut-Off Yield 0.46%

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28 Oct 2021

This issue offers investors a cut-off yield of 0.46% p.a., higher than that (0.37% p.a.) of the previous issue, BS21120F (14 Oct 2021).

The total value of applications in this auction was $9.0B, representing a bid-to-cover ratio of 2.30. This is higher than the $8.7B (bid-to-cover ratio 2.18) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 0.46% get around 42.65% of the amount applied.

Auction Closed

Announcement Date
21 Oct 2021 Notify me
Auction Date
28 Oct 2021 Notify me
Issue Date
02 Nov 2021
Maturity Date
03 May 2022
Issue Code
BS21121Z
ISIN Code
SGXZ28606044
Cut-Off Yield
0.46% p.a.
Cut-Off Price
99.771
Median Yield
0.40% p.a.
Median Price
99.801
Average Yield
0.32% p.a.
Average Price
99.840
Total Amount Offered
$3,900,000,000
Amount Allotted to Non-Competitive Applications
$21,945,000
Total Amount Applied
$8,976,861,000
% of Competitive Applications at Cut-off Allotted
42.65%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.30

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