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

T-bill splash image

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

View Past Auctions

Upcoming Auctions

AnnouncementAuctionIssueMaturityCodeISIN
30 Oct 202506 Nov 202511 Nov 202512 May 2026BS25122ASGXZ92535467
13 Nov 202520 Nov 202525 Nov 202526 May 2026BS25123ESGXZ46389284
27 Nov 202504 Dec 202509 Dec 202509 Jun 2026BS25124FSGXZ55213599
11 Dec 202518 Dec 202523 Dec 202523 Jun 2026BS25125ZSGXZ20824181

Monitor Upcoming Auctions