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6-Month T-bill BS23106N (30 Mar 2023) Cut-Off Yield 3.85%
30 Mar 2023
This issue offers investors a cut-off yield of 3.85% p.a., higher than that (3.65% p.a.) of the previous issue, BS23105W (16 Mar 2023).
The total value of applications in this auction was $9.6B, representing a bid-to-cover ratio of 2.23. This is lower than the $12.7B (bid-to-cover ratio 2.77) received in the previous issue.
Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 3.85% get around 12.83% of the amount applied.
Auction Closed
- Announcement Date
- 23 Mar 2023 Notify me
- Auction Date
- 30 Mar 2023 Notify me
- Issue Date
- 04 Apr 2023
- Maturity Date
- 03 Oct 2023
- Issue Code
- BS23106N
- ISIN Code
- SGXZ31942782
- Cut-Off Yield
- 3.85% p.a.
- Cut-Off Price
- 98.080
- Median Yield
- 3.65% p.a.
- Median Price
- 98.180
- Average Yield
- 3.43% p.a.
- Average Price
- 98.290
- Total Amount Offered
- $4,300,000,000
- Amount Allotted to Non-Competitive Applications
- $539,055,000
- Total Amount Applied
- $9,572,803,000
- % of Competitive Applications at Cut-off Allotted
- 12.83%
- % of Non-Competitive Applications Allotted
- 100.00%
- Bid-to-Cover Ratio
- 2.23
Upcoming Auctions
| Announcement | Auction | Issue | Maturity | Code | ISIN |
|---|---|---|---|---|---|
| 20 Aug 2026 | 27 Aug 2026 | 01 Sep 2026 | 02 Mar 2027 | BS26117A | SGXZ57738213 |
| 03 Sep 2026 | 10 Sep 2026 | 15 Sep 2026 | 16 Mar 2027 | BS26118E | SGXZ26367169 |
| 17 Sep 2026 | 24 Sep 2026 | 29 Sep 2026 | 30 Mar 2027 | BS26119F | SGXZ46669529 |