6-Month T-bill BS23122F (08 Nov 2023) Cut-Off Yield 3.75%

T-bill splash image

08 Nov 2023

This issue offers investors a cut-off yield of 3.75% p.a., lower than that (3.95% p.a.) of the previous issue, BS23121E (26 Oct 2023).

The total value of applications in this auction was $13.2B, representing a bid-to-cover ratio of 2.31. This is higher than the $11.5B (bid-to-cover ratio 2.02) received in the previous issue.

Those who submitted non-competitive bids were allotted approximately 95.88% of the amount applied. On the other hand, those who submitted competitive bid at 3.75% get around 98.89% of the amount applied.

Auction Closed

Announcement Date
01 Nov 2023 Notify me
Auction Date
08 Nov 2023 Notify me
Issue Date
14 Nov 2023
Maturity Date
14 May 2024
Issue Code
BS23122F
ISIN Code
SGXZ66087859
Cut-Off Yield
3.75% p.a.
Cut-Off Price
98.130
Median Yield
3.65% p.a.
Median Price
98.180
Average Yield
2.71% p.a.
Average Price
98.649
Total Amount Offered
$5,700,000,000
Amount Allotted to Non-Competitive Applications
$2,280,000,000
Total Amount Applied
$13,162,251,000
% of Competitive Applications at Cut-off Allotted
98.89%
% of Non-Competitive Applications Allotted
95.88%
Bid-to-Cover Ratio
2.31

View Past Auctions

Upcoming Auctions

AnnouncementAuctionIssueMaturityCodeISIN
01 Apr 202609 Apr 202614 Apr 202613 Oct 2026BS26107XSGXZ11188257
16 Apr 202623 Apr 202628 Apr 202627 Oct 2026BS26108WSGXZ94600384
29 Apr 202607 May 202612 May 202610 Nov 2026BS26109NSGXZ76155910
14 May 202621 May 202626 May 202624 Nov 2026BS26110SSGXZ28747210

Monitor Upcoming Auctions