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1-Year T-bill BY25103W (15 Oct 2025) Cut-Off Yield 1.35%
15 Oct 2025
This issue offers investors a cut-off yield of 1.35% p.a., lower than that (1.68% p.a.) of the previous issue, BY25102X (24 Jul 2025).
The total value of applications in this auction was $13.1B, representing a bid-to-cover ratio of 2.26. This is higher than the $11.3B (bid-to-cover ratio 2.05) received in the previous issue.
Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 1.35% get around 86.32% of the amount applied.
Auction Closed
- Announcement Date
- 08 Oct 2025 Notify me
- Auction Date
- 15 Oct 2025 Notify me
- Issue Date
- 21 Oct 2025
- Maturity Date
- 20 Oct 2026
- Issue Code
- BY25103W
- ISIN Code
- SGXZ34147660
- Cut-Off Yield
- 1.35% p.a.
- Cut-Off Price
- 98.654
- Median Yield
- 1.20% p.a.
- Median Price
- 98.803
- Average Yield
- 1.16% p.a.
- Average Price
- 98.843
- Total Amount Offered
- $5,800,000,000
- Amount Allotted to Non-Competitive Applications
- $361,676,000
- Total Amount Applied
- $13,114,427,000
- % of Competitive Applications at Cut-off Allotted
- 86.32%
- % of Non-Competitive Applications Allotted
- 100.00%
- Bid-to-Cover Ratio
- 2.26
Upcoming Auctions
| Announcement | Auction | Issue | Maturity | Code | ISIN |
|---|---|---|---|---|---|
| 09 Apr 2026 | 16 Apr 2026 | 21 Apr 2026 | 20 Apr 2027 | BY26101H | SGXZ85431724 |