6-Month T-bill BS22123S (24 Nov 2022) Cut-Off Yield 3.90%

T-bill splash image

24 Nov 2022

This issue offers investors a cut-off yield of 3.90% p.a., lower than that (4.00% p.a.) of the previous issue, BS22122Z (10 Nov 2022).

The total value of applications in this auction was $11.9B, representing a bid-to-cover ratio of 2.48. This is lower than the $14.2B (bid-to-cover ratio 3.17) received in the previous issue.

Those who submitted non-competitive bids were allotted approximately 77.78% of the amount applied. On the other hand, those who submitted competitive bid at 3.90% get around 7.80% of the amount applied.

Auction Closed

Announcement Date
17 Nov 2022 Notify me
Auction Date
24 Nov 2022 Notify me
Issue Date
29 Nov 2022
Maturity Date
30 May 2023
Issue Code
BS22123S
ISIN Code
SGXZ30631881
Cut-Off Yield
3.90% p.a.
Cut-Off Price
98.055
Median Yield
3.50% p.a.
Median Price
98.255
Average Yield
3.26% p.a.
Average Price
98.374
Total Amount Offered
$4,800,000,000
Amount Allotted to Non-Competitive Applications
$1,920,000,000
Total Amount Applied
$11,894,059,000
% of Competitive Applications at Cut-off Allotted
7.80%
% of Non-Competitive Applications Allotted
77.78%
Bid-to-Cover Ratio
2.48

View Past Auctions

Upcoming Auctions

AnnouncementAuctionIssueMaturityCodeISIN
26 Jun 202503 Jul 202508 Jul 202506 Jan 2026BS25113WSGXZ89298723
10 Jul 202517 Jul 202522 Jul 202520 Jan 2026BS25114NSGXZ64378292
24 Jul 202531 Jul 202505 Aug 202503 Feb 2026BS25115VSGXZ18992552
07 Aug 202514 Aug 202519 Aug 202517 Feb 2026BS25116ASGXZ36919934

Monitor Upcoming Auctions