6-Month T-bill BS23111W (08 Jun 2023) Cut-Off Yield 3.84%

T-bill splash image

08 Jun 2023

This issue offers investors a cut-off yield of 3.84% p.a., lower than that (3.85% p.a.) of the previous issue, BS23110X (25 May 2023).

The total value of applications in this auction was $11.5B, representing a bid-to-cover ratio of 2.21. This is lower than the $12.2B (bid-to-cover ratio 2.30) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 3.84% get around 44.48% of the amount applied.

Auction Closed

Announcement Date
31 May 2023 Notify me
Auction Date
08 Jun 2023 Notify me
Issue Date
13 Jun 2023
Maturity Date
12 Dec 2023
Issue Code
BS23111W
ISIN Code
SGXZ38592606
Cut-Off Yield
3.84% p.a.
Cut-Off Price
98.085
Median Yield
3.68% p.a.
Median Price
98.165
Average Yield
3.36% p.a.
Average Price
98.325
Total Amount Offered
$5,200,000,000
Amount Allotted to Non-Competitive Applications
$1,853,533,000
Total Amount Applied
$11,514,668,000
% of Competitive Applications at Cut-off Allotted
44.48%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.21

View Past Auctions

Upcoming Auctions

AnnouncementAuctionIssueMaturityCodeISIN
30 May 202406 Jun 202411 Jun 202410 Dec 2024BS24111XSGXZ81105322
12 Jun 202420 Jun 202425 Jun 202424 Dec 2024BS24112WSGXZ29011285
27 Jun 202404 Jul 202409 Jul 202407 Jan 2025BS24113NSGXZ29447257
11 Jul 202418 Jul 202423 Jul 202421 Jan 2025BS24114VSGXZ57225237

Monitor Upcoming Auctions