6-Month T-bill BS23124S (07 Dec 2023) Cut-Off Yield 3.74%

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07 Dec 2023

This issue offers investors a cut-off yield of 3.74% p.a., lower than that (3.80% p.a.) of the previous issue, BS23123Z (23 Nov 2023).

The total value of applications in this auction was $13.3B, representing a bid-to-cover ratio of 2.25. This is higher than the $13.0B (bid-to-cover ratio 2.17) received in the previous issue.

Those who submitted non-competitive bids were allotted approximately 95.10% of the amount applied. On the other hand, those who submitted competitive bid at 3.74% get around 21.91% of the amount applied.

Auction Closed

Announcement Date
30 Nov 2023 Notify me
Auction Date
07 Dec 2023 Notify me
Issue Date
12 Dec 2023
Maturity Date
11 Jun 2024
Issue Code
BS23124S
ISIN Code
SGXZ85619765
Cut-Off Yield
3.74% p.a.
Cut-Off Price
98.135
Median Yield
3.60% p.a.
Median Price
98.205
Average Yield
3.05% p.a.
Average Price
98.479
Total Amount Offered
$5,900,000,000
Amount Allotted to Non-Competitive Applications
$2,360,000,000
Total Amount Applied
$13,287,822,000
% of Competitive Applications at Cut-off Allotted
21.91%
% of Non-Competitive Applications Allotted
95.10%
Bid-to-Cover Ratio
2.25

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