When does BS87100A mature?

BS87100A matures on 26 Nov 1987. T-bills are zero-coupon: you pay below face value at issue and receive the full S$1,000 per bill at maturity.

What was the bid-to-cover ratio for BS87100A?

BS87100A had a bid-to-cover ratio of 2.03 — investors submitted S$2.03 in bids for every S$1 of issue size.

How does BS87100A's cutoff yield compare to the current SSB?

BS87100A cleared at 3.20%, 153 bp higher than the latest SSB year-1 rate of 1.67% (GX26110X). The T-bill locks funds for the full 6-month; the SSB year-1 rate applies for one year then steps up annually toward the 10-year average of 2.45%.

Can I buy BS87100A with CPF?

T-bills are CPFIS-OA and CPFIS-SA eligible — you can fund the purchase from your CPF Ordinary Account or Special Account via your bank's CPFIS portal. There are bank-specific fees and a "dead-money" gap to watch. See /learn/how-to-buy-t-bills-with-cpf/ for the full mechanics.

6-month T-bill

BS87100A

Auctioned 25 May 1987 · Issued 28 May 1987 · Matures 26 Nov 1987

Cutoff yield

3.20%

Auction details

Bid-to-cover:: 2.03 (S$2.03 in bids for every S$1 of issue size)
Amount issued:: S$200M
Tenor:: 6-month

6-month cutoff yield history

Full interactive chart →

How this auction worked

MAS runs a uniform-price auction: every successful bidder — competitive or non-competitive — pays the cutoff yield. The cutoff is the highest yield accepted to fill the issue size; the median is the middle of all submitted bids, so the gap between them shows how far the last accepted bid sat above the middle of the pool. The bid-to-cover ratio is the total amount bid divided by the amount issued.

Allotment outcome

Competitive bids at the cutoff:: 83.0% of the amount applied
Total bids received:: S$406M

As published by MAS for this auction. Non-competitive bids are allotted first and pro-rated only if they exceed 40% of the issue size.

Frequently asked questions

When does BS87100A mature?: BS87100A matures on 26 Nov 1987. T-bills are zero-coupon: you pay below face value at issue and receive the full S$1,000 per bill at maturity.
What was the bid-to-cover ratio for BS87100A?: BS87100A had a bid-to-cover ratio of 2.03 — investors submitted S$2.03 in bids for every S$1 of issue size.
How does BS87100A's cutoff yield compare to the current SSB?: BS87100A cleared at 3.20%, 153 bp higher than the latest SSB year-1 rate of 1.67% (GX26110X). The T-bill locks funds for the full 6-month; the SSB year-1 rate applies for one year then steps up annually toward the 10-year average of 2.45%.
Can I buy BS87100A with CPF?: T-bills are CPFIS-OA and CPFIS-SA eligible — you can fund the purchase from your CPF Ordinary Account or Special Account via your bank's CPFIS portal. There are bank-specific fees and a "dead-money" gap to watch. See /learn/how-to-buy-t-bills-with-cpf/ for the full mechanics.

BS87100A

How this auction worked

Allotment outcome

Frequently asked questions

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