6-Month T-bill BS23120A (12 Oct 2023) Cut-Off Yield 3.87%

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12 Oct 2023

This issue offers investors a cut-off yield of 3.87% p.a., lower than that (4.07% p.a.) of the previous issue, BS23119H (28 Sep 2023).

The total value of applications in this auction was $14.7B, representing a bid-to-cover ratio of 2.73. This is higher than the $9.3B (bid-to-cover ratio 1.76) received in the previous issue.

Those who submitted non-competitive bids were allotted approximately 79.28% of the amount applied. On the other hand, those who submitted competitive bid at 3.87% get around 68.21% of the amount applied.

Auction Closed

Announcement Date
05 Oct 2023 Notify me
Auction Date
12 Oct 2023 Notify me
Issue Date
17 Oct 2023
Maturity Date
16 Apr 2024
Issue Code
BS23120A
ISIN Code
SGXZ17695602
Cut-Off Yield
3.87% p.a.
Cut-Off Price
98.070
Median Yield
3.66% p.a.
Median Price
98.175
Average Yield
3.37% p.a.
Average Price
98.320
Total Amount Offered
$5,400,000,000
Amount Allotted to Non-Competitive Applications
$2,160,000,000
Total Amount Applied
$14,725,306,000
% of Competitive Applications at Cut-off Allotted
68.21%
% of Non-Competitive Applications Allotted
79.28%
Bid-to-Cover Ratio
2.73

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