1-Year T-bill BY25102X (24 Jul 2025) Cut-Off Yield 1.68%

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24 Jul 2025

This issue offers investors a cut-off yield of 1.68% p.a., lower than that (2.29% p.a.) of the previous issue, BY25101T (16 Apr 2025).

The total value of applications in this auction was $11.3B, representing a bid-to-cover ratio of 2.05. This is higher than the $11.2B (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 1.68% get around 32.04% of the amount applied.

Auction Closed

Announcement Date
17 Jul 2025 Notify me
Auction Date
24 Jul 2025 Notify me
Issue Date
29 Jul 2025
Maturity Date
28 Jul 2026
Issue Code
BY25102X
ISIN Code
SGXZ97057780
Cut-Off Yield
1.68% p.a.
Cut-Off Price
98.325
Median Yield
1.60% p.a.
Median Price
98.404
Average Yield
1.44% p.a.
Average Price
98.564
Total Amount Offered
$5,500,000,000
Amount Allotted to Non-Competitive Applications
$476,962,000
Total Amount Applied
$11,260,267,000
% of Competitive Applications at Cut-off Allotted
32.04%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.05

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