6-Month T-bill BS23115E (03 Aug 2023) Cut-Off Yield 3.75%

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03 Aug 2023

This issue offers investors a cut-off yield of 3.75% p.a., lower than that (3.85% p.a.) of the previous issue, BS23114A (20 Jul 2023).

The total value of applications in this auction was $12.3B, representing a bid-to-cover ratio of 2.24. This is higher than the $12.2B (bid-to-cover ratio 2.18) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 3.75% get around 65.20% of the amount applied.

Auction Closed

Announcement Date
27 Jul 2023 Notify me
Auction Date
03 Aug 2023 Notify me
Issue Date
08 Aug 2023
Maturity Date
06 Feb 2024
Issue Code
BS23115E
ISIN Code
SGXZ68145226
Cut-Off Yield
3.75% p.a.
Cut-Off Price
98.130
Median Yield
3.64% p.a.
Median Price
98.185
Average Yield
3.17% p.a.
Average Price
98.419
Total Amount Offered
$5,500,000,000
Amount Allotted to Non-Competitive Applications
$1,931,700,000
Total Amount Applied
$12,297,720,000
% of Competitive Applications at Cut-off Allotted
65.20%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.24

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