6-Month T-bill BS22106V (31 Mar 2022) Cut-Off Yield 1.22%

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31 Mar 2022

This issue offers investors a cut-off yield of 1.22% p.a., higher than that (0.95% p.a.) of the previous issue, BS22105N (17 Mar 2022).

The total value of applications in this auction was $8.0B, representing a bid-to-cover ratio of 2.21. This is higher than the $7.5B (bid-to-cover ratio 1.92) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 1.22% get around 17.83% of the amount applied.

Auction Closed

Announcement Date
24 Mar 2022 Notify me
Auction Date
31 Mar 2022 Notify me
Issue Date
05 Apr 2022
Maturity Date
04 Oct 2022
Issue Code
BS22106V
ISIN Code
SGXZ20614087
Cut-Off Yield
1.22% p.a.
Cut-Off Price
99.392
Median Yield
1.10% p.a.
Median Price
99.452
Average Yield
0.98% p.a.
Average Price
99.511
Total Amount Offered
$3,600,000,000
Amount Allotted to Non-Competitive Applications
$38,186,000
Total Amount Applied
$7,968,275,000
% of Competitive Applications at Cut-off Allotted
17.83%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.21

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