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6-Month T-bill BS23107V (13 Apr 2023) Cut-Off Yield 3.75%
13 Apr 2023
This issue offers investors a cut-off yield of 3.75% p.a., lower than that (3.85% p.a.) of the previous issue, BS23106N (30 Mar 2023).
The total value of applications in this auction was $12.3B, representing a bid-to-cover ratio of 2.56. This is higher than the $9.6B (bid-to-cover ratio 2.23) received in the previous issue.
Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 3.75% get around 45.55% of the amount applied.
Auction Closed
- Announcement Date
- 05 Apr 2023 Notify me
- Auction Date
- 13 Apr 2023 Notify me
- Issue Date
- 18 Apr 2023
- Maturity Date
- 17 Oct 2023
- Issue Code
- BS23107V
- ISIN Code
- SGXZ38306411
- Cut-Off Yield
- 3.75% p.a.
- Cut-Off Price
- 98.130
- Median Yield
- 3.65% p.a.
- Median Price
- 98.180
- Average Yield
- 3.31% p.a.
- Average Price
- 98.350
- Total Amount Offered
- $4,800,000,000
- Amount Allotted to Non-Competitive Applications
- $955,667,000
- Total Amount Applied
- $12,265,334,000
- % of Competitive Applications at Cut-off Allotted
- 45.55%
- % of Non-Competitive Applications Allotted
- 100.00%
- Bid-to-Cover Ratio
- 2.56
Upcoming Auctions
| Announcement | Auction | Issue | Maturity | Code | ISIN |
|---|---|---|---|---|---|
| 05 Aug 2026 | 13 Aug 2026 | 18 Aug 2026 | 16 Feb 2027 | BS26116V | SGXZ52105533 |
| 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 |