1-Year T-bill BY23102N (27 Jul 2023) Cut-Off Yield 3.74%

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27 Jul 2023

This issue offers investors a cut-off yield of 3.74% p.a., higher than that (3.58% p.a.) of the previous issue, BY23101W (20 Apr 2023).

The total value of applications in this auction was $9.3B, representing a bid-to-cover ratio of 2.11. This is lower than the $12.7B (bid-to-cover ratio 2.96) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 3.74% get around 75.92% of the amount applied.

Auction Closed

Announcement Date
20 Jul 2023 Notify me
Auction Date
27 Jul 2023 Notify me
Issue Date
01 Aug 2023
Maturity Date
30 Jul 2024
Issue Code
BY23102N
ISIN Code
SGXZ94049863
Cut-Off Yield
3.74% p.a.
Cut-Off Price
96.270
Median Yield
3.50% p.a.
Median Price
96.510
Average Yield
3.09% p.a.
Average Price
96.918
Total Amount Offered
$4,400,000,000
Amount Allotted to Non-Competitive Applications
$797,243,000
Total Amount Applied
$9,277,171,000
% of Competitive Applications at Cut-off Allotted
75.92%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.11

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