6-Month T-bill BS23112N (22 Jun 2023) Cut-Off Yield 3.89%

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22 Jun 2023

This issue offers investors a cut-off yield of 3.89% p.a., higher than that (3.84% p.a.) of the previous issue, BS23111W (08 Jun 2023).

The total value of applications in this auction was $9.9B, representing a bid-to-cover ratio of 1.98. This is lower than the $11.5B (bid-to-cover ratio 2.21) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 3.89% get around 74.29% of the amount applied.

Auction Closed

Announcement Date
15 Jun 2023 Notify me
Auction Date
22 Jun 2023 Notify me
Issue Date
27 Jun 2023
Maturity Date
26 Dec 2023
Issue Code
BS23112N
ISIN Code
SGXZ18316448
Cut-Off Yield
3.89% p.a.
Cut-Off Price
98.060
Median Yield
3.60% p.a.
Median Price
98.205
Average Yield
3.07% p.a.
Average Price
98.469
Total Amount Offered
$5,000,000,000
Amount Allotted to Non-Competitive Applications
$1,791,982,000
Total Amount Applied
$9,881,733,000
% of Competitive Applications at Cut-off Allotted
74.29%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
1.98

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