6-Month T-bill BS22114E (21 Jul 2022) Cut-Off Yield 2.93%

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21 Jul 2022

This issue offers investors a cut-off yield of 2.93% p.a., higher than that (2.66% p.a.) of the previous issue, BS22113A (07 Jul 2022).

The total value of applications in this auction was $12.2B, representing a bid-to-cover ratio of 2.65. This is higher than the $8.5B (bid-to-cover ratio 1.89) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 2.93% get around 53.16% of the amount applied.

Auction Closed

Announcement Date
14 Jul 2022 Notify me
Auction Date
21 Jul 2022 Notify me
Issue Date
26 Jul 2022
Maturity Date
24 Jan 2023
Issue Code
BS22114E
ISIN Code
SGXZ15080351
Cut-Off Yield
2.93% p.a.
Cut-Off Price
98.539
Median Yield
2.80% p.a.
Median Price
98.604
Average Yield
2.17% p.a.
Average Price
98.918
Total Amount Offered
$4,600,000,000
Amount Allotted to Non-Competitive Applications
$189,852,000
Total Amount Applied
$12,174,827,000
% of Competitive Applications at Cut-off Allotted
53.16%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.65

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