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

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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