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6-Month T-bill BS23114A (20 Jul 2023) Cut-Off Yield 3.85%

20 Jul 2023
This issue offers investors a cut-off yield of 3.85% p.a., lower than that (3.99% p.a.) of the previous issue, BS23113V (06 Jul 2023).
The total value of applications in this auction was $12.2B, representing a bid-to-cover ratio of 2.18. This is higher than the $10.3B (bid-to-cover ratio 1.91) received in the previous issue.
Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 3.85% get around 26.01% of the amount applied.
Auction Closed
- Announcement Date
- 13 Jul 2023 Notify me
- Auction Date
- 20 Jul 2023 Notify me
- Issue Date
- 25 Jul 2023
- Maturity Date
- 23 Jan 2024
- Issue Code
- BS23114A
- ISIN Code
- SGXZ42332148
- Cut-Off Yield
- 3.85% p.a.
- Cut-Off Price
- 98.080
- Median Yield
- 3.65% p.a.
- Median Price
- 98.180
- Average Yield
- 2.88% p.a.
- Average Price
- 98.564
- Total Amount Offered
- $5,600,000,000
- Amount Allotted to Non-Competitive Applications
- $2,230,384,000
- Total Amount Applied
- $12,220,205,000
- % of Competitive Applications at Cut-off Allotted
- 26.01%
- % of Non-Competitive Applications Allotted
- 100.00%
- Bid-to-Cover Ratio
- 2.18
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