6-Month T-bill BS23100Z (05 Jan 2023) Cut-Off Yield 4.20%

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05 Jan 2023

This issue offers investors a cut-off yield of 4.20% p.a., lower than that (4.28% p.a.) of the previous issue, BS22125T (21 Dec 2022).

The total value of applications in this auction was $12.0B, representing a bid-to-cover ratio of 2.56. This is higher than the $11.8B (bid-to-cover ratio 2.68) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 4.20% get around 27.06% of the amount applied.

Auction Closed

Announcement Date
28 Dec 2022 Notify me
Auction Date
05 Jan 2023 Notify me
Issue Date
10 Jan 2023
Maturity Date
11 Jul 2023
Issue Code
BS23100Z
ISIN Code
SGXZ18842542
Cut-Off Yield
4.20% p.a.
Cut-Off Price
97.906
Median Yield
4.00% p.a.
Median Price
98.005
Average Yield
3.77% p.a.
Average Price
98.120
Total Amount Offered
$4,700,000,000
Amount Allotted to Non-Competitive Applications
$1,400,463,000
Total Amount Applied
$12,038,443,000
% of Competitive Applications at Cut-off Allotted
27.06%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.56

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