1-Year T-bill BY23103V (19 Oct 2023) Cut-Off Yield 3.70%

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19 Oct 2023

This issue offers investors a cut-off yield of 3.70% p.a., lower than that (3.74% p.a.) of the previous issue, BY23102N (27 Jul 2023).

The total value of applications in this auction was $11.9B, representing a bid-to-cover ratio of 2.65. This is higher than the $9.3B (bid-to-cover ratio 2.11) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 3.70% get around 64.79% of the amount applied.

Auction Closed

Announcement Date
12 Oct 2023 Notify me
Auction Date
19 Oct 2023 Notify me
Issue Date
24 Oct 2023
Maturity Date
22 Oct 2024
Issue Code
BY23103V
ISIN Code
SGXZ50774546
Cut-Off Yield
3.70% p.a.
Cut-Off Price
96.310
Median Yield
3.55% p.a.
Median Price
96.460
Average Yield
3.32% p.a.
Average Price
96.689
Total Amount Offered
$4,500,000,000
Amount Allotted to Non-Competitive Applications
$1,391,864,000
Total Amount Applied
$11,941,430,000
% of Competitive Applications at Cut-off Allotted
64.79%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.65

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AnnouncementAuctionIssueMaturityCodeISIN
18 Jul 202425 Jul 202430 Jul 202429 Jul 2025BY24102WSGXZ31182504

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