6-Month T-bill BS22125T (21 Dec 2022) Cut-Off Yield 4.28%

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21 Dec 2022

This issue offers investors a cut-off yield of 4.28% p.a., lower than that (4.40% p.a.) of the previous issue, BS22124H (08 Dec 2022).

The total value of applications in this auction was $11.8B, representing a bid-to-cover ratio of 2.68. This is higher than the $9.3B (bid-to-cover ratio 2.03) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 4.28% get around 80.62% of the amount applied.

Auction Closed

Announcement Date
14 Dec 2022 Notify me
Auction Date
21 Dec 2022 Notify me
Issue Date
27 Dec 2022
Maturity Date
27 Jun 2023
Issue Code
BS22125T
ISIN Code
SGXZ52423183
Cut-Off Yield
4.28% p.a.
Cut-Off Price
97.866
Median Yield
4.00% p.a.
Median Price
98.005
Average Yield
3.76% p.a.
Average Price
98.125
Total Amount Offered
$4,400,000,000
Amount Allotted to Non-Competitive Applications
$1,590,360,000
Total Amount Applied
$11,806,671,000
% of Competitive Applications at Cut-off Allotted
80.62%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.68

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