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6-Month T-bill BS23101S (18 Jan 2023) Cut-Off Yield 4.00%

18 Jan 2023
This issue offers investors a cut-off yield of 4.00% p.a., lower than that (4.20% p.a.) of the previous issue, BS23100Z (05 Jan 2023).
The total value of applications in this auction was $13.1B, representing a bid-to-cover ratio of 2.61. This is higher than the $12.0B (bid-to-cover ratio 2.56) received in the previous issue.
Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 4.00% get around 16.91% of the amount applied.
Auction Closed
- Announcement Date
- 11 Jan 2023 Notify me
- Auction Date
- 18 Jan 2023 Notify me
- Issue Date
- 25 Jan 2023
- Maturity Date
- 25 Jul 2023
- Issue Code
- BS23101S
- ISIN Code
- SGXZ70079470
- Cut-Off Yield
- 4.00% p.a.
- Cut-Off Price
- 98.016
- Median Yield
- 3.90% p.a.
- Median Price
- 98.066
- Average Yield
- 2.71% p.a.
- Average Price
- 98.656
- Total Amount Offered
- $5,000,000,000
- Amount Allotted to Non-Competitive Applications
- $1,427,014,000
- Total Amount Applied
- $13,063,212,000
- % of Competitive Applications at Cut-off Allotted
- 16.91%
- % of Non-Competitive Applications Allotted
- 100.00%
- Bid-to-Cover Ratio
- 2.61
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