6-Month T-bill BS23119H (28 Sep 2023) Cut-Off Yield 4.07%

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28 Sep 2023

This issue offers investors a cut-off yield of 4.07% p.a., higher than that (3.73% p.a.) of the previous issue, BS23118S (14 Sep 2023).

The total value of applications in this auction was $9.3B, representing a bid-to-cover ratio of 1.76. This is lower than the $11.2B (bid-to-cover ratio 2.03) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 4.07% get around 99.87% of the amount applied.

Auction Closed

Announcement Date
21 Sep 2023 Notify me
Auction Date
28 Sep 2023 Notify me
Issue Date
03 Oct 2023
Maturity Date
02 Apr 2024
Issue Code
BS23119H
ISIN Code
SGXZ95449054
Cut-Off Yield
4.07% p.a.
Cut-Off Price
97.971
Median Yield
3.62% p.a.
Median Price
98.195
Average Yield
3.51% p.a.
Average Price
98.250
Total Amount Offered
$5,300,000,000
Amount Allotted to Non-Competitive Applications
$1,780,777,000
Total Amount Applied
$9,301,753,000
% of Competitive Applications at Cut-off Allotted
99.87%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
1.76

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