6-Month T-bill BS21125X (23 Dec 2021) Cut-Off Yield 0.53%

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23 Dec 2021

This issue offers investors a cut-off yield of 0.53% p.a., lower than that (0.55% p.a.) of the previous issue, BS21124T (09 Dec 2021).

The total value of applications in this auction was $10.7B, representing a bid-to-cover ratio of 2.74. This is higher than the $8.9B (bid-to-cover ratio 2.34) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 0.53% get around 12.84% of the amount applied.

Auction Closed

Announcement Date
16 Dec 2021 Notify me
Auction Date
23 Dec 2021 Notify me
Issue Date
28 Dec 2021
Maturity Date
28 Jun 2022
Issue Code
BS21125X
ISIN Code
SGXZ49329907
Cut-Off Yield
0.53% p.a.
Cut-Off Price
99.736
Median Yield
0.42% p.a.
Median Price
99.791
Average Yield
0.36% p.a.
Average Price
99.820
Total Amount Offered
$3,900,000,000
Amount Allotted to Non-Competitive Applications
$5,008,000
Total Amount Applied
$10,704,498,000
% of Competitive Applications at Cut-off Allotted
12.84%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.74

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