6-Month T-bill BS23102H (02 Feb 2023) Cut-Off Yield 3.88%

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02 Feb 2023

This issue offers investors a cut-off yield of 3.88% p.a., lower than that (4.00% p.a.) of the previous issue, BS23101S (18 Jan 2023).

The total value of applications in this auction was $12.9B, representing a bid-to-cover ratio of 2.63. This is lower than the $13.1B (bid-to-cover ratio 2.61) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 3.88% get around 71.48% of the amount applied.

Auction Closed

Announcement Date
26 Jan 2023 Notify me
Auction Date
02 Feb 2023 Notify me
Issue Date
07 Feb 2023
Maturity Date
08 Aug 2023
Issue Code
BS23102H
ISIN Code
SGXZ29241676
Cut-Off Yield
3.88% p.a.
Cut-Off Price
98.065
Median Yield
3.77% p.a.
Median Price
98.120
Average Yield
3.27% p.a.
Average Price
98.369
Total Amount Offered
$4,900,000,000
Amount Allotted to Non-Competitive Applications
$772,440,000
Total Amount Applied
$12,879,542,000
% of Competitive Applications at Cut-off Allotted
71.48%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.63

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