6-Month T-bill BS22105N (17 Mar 2022) Cut-Off Yield 0.95%

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17 Mar 2022

This issue offers investors a cut-off yield of 0.95% p.a., higher than that (0.78% p.a.) of the previous issue, BS22104W (03 Mar 2022).

The total value of applications in this auction was $7.5B, representing a bid-to-cover ratio of 1.92. This is lower than the $10.3B (bid-to-cover ratio 2.63) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 0.95% get around 49.65% of the amount applied.

Auction Closed

Announcement Date
10 Mar 2022 Notify me
Auction Date
17 Mar 2022 Notify me
Issue Date
22 Mar 2022
Maturity Date
20 Sep 2022
Issue Code
BS22105N
ISIN Code
SGXZ24948721
Cut-Off Yield
0.95% p.a.
Cut-Off Price
99.526
Median Yield
0.85% p.a.
Median Price
99.576
Average Yield
0.71% p.a.
Average Price
99.646
Total Amount Offered
$3,900,000,000
Amount Allotted to Non-Competitive Applications
$30,553,000
Total Amount Applied
$7,504,740,000
% of Competitive Applications at Cut-off Allotted
49.65%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
1.92

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