6-Month T-bill BS23107V (13 Apr 2023) Cut-Off Yield 3.75%

T-bill splash image

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

View Past Auctions

Upcoming Auctions

AnnouncementAuctionIssueMaturityCodeISIN
07 Aug 202415 Aug 202420 Aug 202418 Feb 2025BS24116ESGXZ19202407
22 Aug 202429 Aug 202403 Sep 202404 Mar 2025BS24117FSGXZ56660376
05 Sep 202412 Sep 202417 Sep 202418 Mar 2025BS24118ZSGXZ71864045

Monitor Upcoming Auctions