6-Month T-bill BS23104X (02 Mar 2023) Cut-Off Yield 3.98%

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02 Mar 2023

This issue offers investors a cut-off yield of 3.98% p.a., higher than that (3.93% p.a.) of the previous issue, BS23103T (16 Feb 2023).

The total value of applications in this auction was $13.0B, representing a bid-to-cover ratio of 2.77. This is higher than the $11.0B (bid-to-cover ratio 2.25) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 3.98% get around 0.15% of the amount applied.

Auction Closed

Announcement Date
23 Feb 2023 Notify me
Auction Date
02 Mar 2023 Notify me
Issue Date
07 Mar 2023
Maturity Date
05 Sep 2023
Issue Code
BS23104X
ISIN Code
SGXZ59560854
Cut-Off Yield
3.98% p.a.
Cut-Off Price
98.015
Median Yield
3.88% p.a.
Median Price
98.065
Average Yield
3.58% p.a.
Average Price
98.215
Total Amount Offered
$4,700,000,000
Amount Allotted to Non-Competitive Applications
$701,994,000
Total Amount Applied
$13,028,848,000
% of Competitive Applications at Cut-off Allotted
0.15%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.77

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