6-Month T-bill BS23116F (17 Aug 2023) Cut-Off Yield 3.73%

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17 Aug 2023

This issue offers investors a cut-off yield of 3.73% p.a., lower than that (3.75% p.a.) of the previous issue, BS23115E (03 Aug 2023).

The total value of applications in this auction was $11.8B, representing a bid-to-cover ratio of 2.11. This is lower than the $12.3B (bid-to-cover ratio 2.24) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 3.73% get around 23.11% of the amount applied.

Auction Closed

Announcement Date
10 Aug 2023 Notify me
Auction Date
17 Aug 2023 Notify me
Issue Date
22 Aug 2023
Maturity Date
20 Feb 2024
Issue Code
BS23116F
ISIN Code
SGXZ84200740
Cut-Off Yield
3.73% p.a.
Cut-Off Price
98.140
Median Yield
3.63% p.a.
Median Price
98.190
Average Yield
2.86% p.a.
Average Price
98.574
Total Amount Offered
$5,600,000,000
Amount Allotted to Non-Competitive Applications
$1,563,422,000
Total Amount Applied
$11,818,464,000
% of Competitive Applications at Cut-off Allotted
23.11%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.11

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