6-Month T-bill BS22124H (08 Dec 2022) Cut-Off Yield 4.40%

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08 Dec 2022

This issue offers investors a cut-off yield of 4.40% p.a., higher than that (3.90% p.a.) of the previous issue, BS22123S (24 Nov 2022).

The total value of applications in this auction was $9.3B, representing a bid-to-cover ratio of 2.03. This is lower than the $11.9B (bid-to-cover ratio 2.48) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 4.40% get around 82.78% of the amount applied.

Auction Closed

Announcement Date
01 Dec 2022 Notify me
Auction Date
08 Dec 2022 Notify me
Issue Date
13 Dec 2022
Maturity Date
13 Jun 2023
Issue Code
BS22124H
ISIN Code
SGXZ39766688
Cut-Off Yield
4.40% p.a.
Cut-Off Price
97.806
Median Yield
3.85% p.a.
Median Price
98.080
Average Yield
3.73% p.a.
Average Price
98.140
Total Amount Offered
$4,600,000,000
Amount Allotted to Non-Competitive Applications
$1,194,722,000
Total Amount Applied
$9,339,206,000
% of Competitive Applications at Cut-off Allotted
82.78%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.03

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