6-Month T-bill BS22116Z (18 Aug 2022) Cut-Off Yield 2.98%

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18 Aug 2022

This issue offers investors a cut-off yield of 2.98% p.a., higher than that (2.87% p.a.) of the previous issue, BS22115F (04 Aug 2022).

The total value of applications in this auction was $11.1B, representing a bid-to-cover ratio of 2.42. This is lower than the $11.6B (bid-to-cover ratio 2.52) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 2.98% get around 36.29% of the amount applied.

Auction Closed

Announcement Date
11 Aug 2022 Notify me
Auction Date
18 Aug 2022 Notify me
Issue Date
23 Aug 2022
Maturity Date
21 Feb 2023
Issue Code
BS22116Z
ISIN Code
SGXZ97274385
Cut-Off Yield
2.98% p.a.
Cut-Off Price
98.514
Median Yield
2.80% p.a.
Median Price
98.604
Average Yield
2.36% p.a.
Average Price
98.823
Total Amount Offered
$4,600,000,000
Amount Allotted to Non-Competitive Applications
$327,384,000
Total Amount Applied
$11,139,860,000
% of Competitive Applications at Cut-off Allotted
36.29%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.42

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