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

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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

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