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

T-bill splash image

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

View Past Auctions

Upcoming Auctions

AnnouncementAuctionIssueMaturityCodeISIN
18 Sep 202525 Sep 202530 Sep 202531 Mar 2026BS25119ZSGXZ10256311
02 Oct 202509 Oct 202514 Oct 202514 Apr 2026BS25120NSGXZ14348890
15 Oct 202523 Oct 202528 Oct 202528 Apr 2026BS25121VSGXZ81806382
30 Oct 202506 Nov 202511 Nov 202512 May 2026BS25122ASGXZ92535467

Monitor Upcoming Auctions