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

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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

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