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1-Year T-bill BY24101X (18 Apr 2024) Cut-Off Yield 3.58%
18 Apr 2024
This issue offers investors a cut-off yield of 3.58% p.a., higher than that (3.45% p.a.) of the previous issue, BY24100T (25 Jan 2024).
The total value of applications in this auction was $10.1B, representing a bid-to-cover ratio of 1.97. This is lower than the $14.4B (bid-to-cover ratio 3.19) 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 27.86% of the amount applied.
Auction Closed
- Announcement Date
- 11 Apr 2024 Notify me
- Auction Date
- 18 Apr 2024 Notify me
- Issue Date
- 23 Apr 2024
- Maturity Date
- 22 Apr 2025
- Issue Code
- BY24101X
- ISIN Code
- SGXZ80447410
- Cut-Off Yield
- 3.58% p.a.
- Cut-Off Price
- 96.430
- Median Yield
- 3.40% p.a.
- Median Price
- 96.609
- Average Yield
- 3.28% p.a.
- Average Price
- 96.729
- Total Amount Offered
- $5,100,000,000
- Amount Allotted to Non-Competitive Applications
- $1,232,618,000
- Total Amount Applied
- $10,052,473,000
- % of Competitive Applications at Cut-off Allotted
- 27.86%
- % of Non-Competitive Applications Allotted
- 100.00%
- Bid-to-Cover Ratio
- 1.97
Upcoming Auctions
| Announcement | Auction | Issue | Maturity | Code | ISIN |
|---|---|---|---|---|---|
| 10 Oct 2024 | 17 Oct 2024 | 22 Oct 2024 | 21 Oct 2025 | BY24103N | SGXZ73155558 |