6-Month T-bill BS22112V (23 Jun 2022) Cut-Off Yield 2.36%

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23 Jun 2022

This issue offers investors a cut-off yield of 2.36% p.a., higher than that (2.04% p.a.) of the previous issue, BS22111N (09 Jun 2022).

The total value of applications in this auction was $9.9B, representing a bid-to-cover ratio of 2.41. This is higher than the $8.6B (bid-to-cover ratio 2.11) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 2.36% get around 69.52% of the amount applied.

Auction Closed

Announcement Date
16 Jun 2022 Notify me
Auction Date
23 Jun 2022 Notify me
Issue Date
28 Jun 2022
Maturity Date
27 Dec 2022
Issue Code
BS22112V
ISIN Code
SGXZ10326791
Cut-Off Yield
2.36% p.a.
Cut-Off Price
98.823
Median Yield
2.19% p.a.
Median Price
98.908
Average Yield
1.97% p.a.
Average Price
99.018
Total Amount Offered
$4,100,000,000
Amount Allotted to Non-Competitive Applications
$109,522,000
Total Amount Applied
$9,890,608,000
% of Competitive Applications at Cut-off Allotted
69.52%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.41

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