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1-Year T-bill BY23101W (20 Apr 2023) Cut-Off Yield 3.58%
20 Apr 2023
This issue offers investors a cut-off yield of 3.58% p.a., lower than that (3.87% p.a.) of the previous issue, BY23100X (26 Jan 2023).
The total value of applications in this auction was $12.7B, representing a bid-to-cover ratio of 2.96. This is higher than the $10.5B (bid-to-cover ratio 2.91) received in the previous issue.
Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 3.58% get around 64.53% of the amount applied.
Auction Closed
- Announcement Date
- 13 Apr 2023 Notify me
- Auction Date
- 20 Apr 2023 Notify me
- Issue Date
- 25 Apr 2023
- Maturity Date
- 23 Apr 2024
- Issue Code
- BY23101W
- ISIN Code
- SGXZ19172121
- Cut-Off Yield
- 3.58% p.a.
- Cut-Off Price
- 96.430
- Median Yield
- 3.50% p.a.
- Median Price
- 96.510
- Average Yield
- 3.27% p.a.
- Average Price
- 96.739
- Total Amount Offered
- $4,300,000,000
- Amount Allotted to Non-Competitive Applications
- $634,194,000
- Total Amount Applied
- $12,732,598,000
- % of Competitive Applications at Cut-off Allotted
- 64.53%
- % of Non-Competitive Applications Allotted
- 100.00%
- Bid-to-Cover Ratio
- 2.96
Upcoming Auctions
| Announcement | Auction | Issue | Maturity | Code | ISIN |
|---|---|---|---|---|---|
| 18 Jul 2024 | 25 Jul 2024 | 30 Jul 2024 | 29 Jul 2025 | BY24102W | SGXZ31182504 |