6-Month T-bill BS23121E (26 Oct 2023) Cut-Off Yield 3.95%

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26 Oct 2023

This issue offers investors a cut-off yield of 3.95% p.a., higher than that (3.87% p.a.) of the previous issue, BS23120A (12 Oct 2023).

The total value of applications in this auction was $11.5B, representing a bid-to-cover ratio of 2.02. This is lower than the $14.7B (bid-to-cover ratio 2.73) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 3.95% get around 84.13% of the amount applied.

Auction Closed

Announcement Date
19 Oct 2023 Notify me
Auction Date
26 Oct 2023 Notify me
Issue Date
31 Oct 2023
Maturity Date
30 Apr 2024
Issue Code
BS23121E
ISIN Code
SGXZ35614007
Cut-Off Yield
3.95% p.a.
Cut-Off Price
98.030
Median Yield
3.77% p.a.
Median Price
98.120
Average Yield
3.60% p.a.
Average Price
98.205
Total Amount Offered
$5,700,000,000
Amount Allotted to Non-Competitive Applications
$2,198,655,000
Total Amount Applied
$11,539,439,000
% of Competitive Applications at Cut-off Allotted
84.13%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.02

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