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6-Month T-bill BS23109E (11 May 2023) Cut-Off Yield 3.78%
11 May 2023
This issue offers investors a cut-off yield of 3.78% p.a., lower than that (3.83% p.a.) of the previous issue, BS23108A (26 Apr 2023).
The total value of applications in this auction was $12.0B, representing a bid-to-cover ratio of 2.39. This is higher than the $11.1B (bid-to-cover ratio 2.22) received in the previous issue.
Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 3.78% get around 23.49% of the amount applied.
Auction Closed
- Announcement Date
- 04 May 2023 Notify me
- Auction Date
- 11 May 2023 Notify me
- Issue Date
- 16 May 2023
- Maturity Date
- 14 Nov 2023
- Issue Code
- BS23109E
- ISIN Code
- SGXZ74045766
- Cut-Off Yield
- 3.78% p.a.
- Cut-Off Price
- 98.115
- Median Yield
- 3.60% p.a.
- Median Price
- 98.205
- Average Yield
- 3.26% p.a.
- Average Price
- 98.374
- Total Amount Offered
- $5,000,000,000
- Amount Allotted to Non-Competitive Applications
- $1,318,378,000
- Total Amount Applied
- $11,951,903,000
- % of Competitive Applications at Cut-off Allotted
- 23.49%
- % of Non-Competitive Applications Allotted
- 100.00%
- Bid-to-Cover Ratio
- 2.39
Upcoming Auctions
| Announcement | Auction | Issue | Maturity | Code | ISIN |
|---|---|---|---|---|---|
| 15 May 2025 | 22 May 2025 | 27 May 2025 | 25 Nov 2025 | BS25110H | SGXZ95105383 |
| 29 May 2025 | 05 Jun 2025 | 10 Jun 2025 | 09 Dec 2025 | BS25111T | SGXZ99133456 |
| 12 Jun 2025 | 19 Jun 2025 | 24 Jun 2025 | 23 Dec 2025 | BS25112X | SGXZ71255038 |