6-Month T-bill BS23117Z (31 Aug 2023) Cut-Off Yield 3.70%

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31 Aug 2023

This issue offers investors a cut-off yield of 3.70% p.a., lower than that (3.73% p.a.) of the previous issue, BS23116F (17 Aug 2023).

The total value of applications in this auction was $11.2B, representing a bid-to-cover ratio of 2.04. This is lower than the $11.8B (bid-to-cover ratio 2.11) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 3.70% get around 29.50% of the amount applied.

Auction Closed

Announcement Date
24 Aug 2023 Notify me
Auction Date
31 Aug 2023 Notify me
Issue Date
05 Sep 2023
Maturity Date
05 Mar 2024
Issue Code
BS23117Z
ISIN Code
SGXZ87559985
Cut-Off Yield
3.70% p.a.
Cut-Off Price
98.155
Median Yield
3.57% p.a.
Median Price
98.220
Average Yield
2.95% p.a.
Average Price
98.529
Total Amount Offered
$5,500,000,000
Amount Allotted to Non-Competitive Applications
$1,551,355,000
Total Amount Applied
$11,227,354,000
% of Competitive Applications at Cut-off Allotted
29.50%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.04

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