6-Month T-bill BS23113V (06 Jul 2023) Cut-Off Yield 3.99%

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06 Jul 2023

This issue offers investors a cut-off yield of 3.99% p.a., higher than that (3.89% p.a.) of the previous issue, BS23112N (22 Jun 2023).

The total value of applications in this auction was $10.3B, representing a bid-to-cover ratio of 1.91. This is higher than the $9.9B (bid-to-cover ratio 1.98) received in the previous issue.

Those who submitted non-competitive bids were allotted approximately 96.78% of the amount applied. On the other hand, those who submitted competitive bid at 3.99% get around 2.77% of the amount applied.

Auction Closed

Announcement Date
28 Jun 2023 Notify me
Auction Date
06 Jul 2023 Notify me
Issue Date
11 Jul 2023
Maturity Date
09 Jan 2024
Issue Code
BS23113V
ISIN Code
SGXZ14619167
Cut-Off Yield
3.99% p.a.
Cut-Off Price
98.010
Median Yield
3.50% p.a.
Median Price
98.255
Average Yield
2.87% p.a.
Average Price
98.569
Total Amount Offered
$5,400,000,000
Amount Allotted to Non-Competitive Applications
$2,160,000,000
Total Amount Applied
$10,303,321,000
% of Competitive Applications at Cut-off Allotted
2.77%
% of Non-Competitive Applications Allotted
96.78%
Bid-to-Cover Ratio
1.91

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Upcoming Auctions

AnnouncementAuctionIssueMaturityCodeISIN
30 May 202406 Jun 202411 Jun 202410 Dec 2024BS24111XSGXZ81105322
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