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

T-bill splash image

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

View Past Auctions

Upcoming Auctions

AnnouncementAuctionIssueMaturityCodeISIN
26 Jun 202503 Jul 202508 Jul 202506 Jan 2026BS25113WSGXZ89298723
10 Jul 202517 Jul 202522 Jul 202520 Jan 2026BS25114NSGXZ64378292
24 Jul 202531 Jul 202505 Aug 202503 Feb 2026BS25115VSGXZ18992552
07 Aug 202514 Aug 202519 Aug 202517 Feb 2026BS25116ASGXZ36919934

Monitor Upcoming Auctions