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

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
Upcoming Auctions
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04 Sep 2025 | 11 Sep 2025 | 16 Sep 2025 | 17 Mar 2026 | BS25118F | SGXZ80741986 |
18 Sep 2025 | 25 Sep 2025 | 30 Sep 2025 | 31 Mar 2026 | BS25119Z | SGXZ10256311 |
02 Oct 2025 | 09 Oct 2025 | 14 Oct 2025 | 14 Apr 2026 | BS25120N | SGXZ14348890 |
15 Oct 2025 | 23 Oct 2025 | 28 Oct 2025 | 28 Apr 2026 | BS25121V | SGXZ81806382 |