6-Month T-bill BS23123Z (23 Nov 2023) Cut-Off Yield 3.80%

T-bill splash image

23 Nov 2023

This issue offers investors a cut-off yield of 3.80% p.a., higher than that (3.75% p.a.) of the previous issue, BS23122F (08 Nov 2023).

The total value of applications in this auction was $13.0B, representing a bid-to-cover ratio of 2.17. This is lower than the $13.2B (bid-to-cover ratio 2.31) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 3.80% get around 20.61% of the amount applied.

Auction Closed

Announcement Date
16 Nov 2023 Notify me
Auction Date
23 Nov 2023 Notify me
Issue Date
28 Nov 2023
Maturity Date
28 May 2024
Issue Code
BS23123Z
ISIN Code
SGXZ41634486
Cut-Off Yield
3.80% p.a.
Cut-Off Price
98.105
Median Yield
3.63% p.a.
Median Price
98.190
Average Yield
2.90% p.a.
Average Price
98.554
Total Amount Offered
$6,000,000,000
Amount Allotted to Non-Competitive Applications
$2,235,778,000
Total Amount Applied
$13,011,614,000
% of Competitive Applications at Cut-off Allotted
20.61%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.17

View Past Auctions

Upcoming Auctions

AnnouncementAuctionIssueMaturityCodeISIN
01 Oct 202608 Oct 202613 Oct 202613 Apr 2027BS26120WSGXZ95063541
15 Oct 202622 Oct 202627 Oct 202627 Apr 2027BS26121NSGXZ13334792
28 Oct 202604 Nov 202610 Nov 202611 May 2027BS26122VSGXZ26923052
12 Nov 202619 Nov 202624 Nov 202625 May 2027BS26123ASGXZ31713605

Monitor Upcoming Auctions