6-Month T-bill BS22103X (17 Feb 2022) Cut-Off Yield 0.76%

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17 Feb 2022

This issue offers investors a cut-off yield of 0.76% p.a., higher than that (0.67% p.a.) of the previous issue, BS22102T (03 Feb 2022).

The total value of applications in this auction was $10.6B, representing a bid-to-cover ratio of 2.47. This is higher than the $9.1B (bid-to-cover ratio 2.07) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 0.76% get around 42.45% of the amount applied.

Auction Closed

Announcement Date
10 Feb 2022 Notify me
Auction Date
17 Feb 2022 Notify me
Issue Date
22 Feb 2022
Maturity Date
23 Aug 2022
Issue Code
BS22103X
ISIN Code
SGXZ67345371
Cut-Off Yield
0.76% p.a.
Cut-Off Price
99.621
Median Yield
0.68% p.a.
Median Price
99.661
Average Yield
0.56% p.a.
Average Price
99.721
Total Amount Offered
$4,300,000,000
Amount Allotted to Non-Competitive Applications
$31,981,000
Total Amount Applied
$10,632,465,000
% of Competitive Applications at Cut-off Allotted
42.45%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.47

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