6-Month T-bill BS23125H (20 Dec 2023) Cut-Off Yield 3.73%

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20 Dec 2023

This issue offers investors a cut-off yield of 3.73% p.a., lower than that (3.74% p.a.) of the previous issue, BS23124S (07 Dec 2023).

The total value of applications in this auction was $12.8B, representing a bid-to-cover ratio of 2.29. This is lower than the $13.3B (bid-to-cover ratio 2.25) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 3.73% get around 90.05% of the amount applied.

Auction Closed

Announcement Date
13 Dec 2023 Notify me
Auction Date
20 Dec 2023 Notify me
Issue Date
26 Dec 2023
Maturity Date
25 Jun 2024
Issue Code
BS23125H
ISIN Code
SGXZ97252035
Cut-Off Yield
3.73% p.a.
Cut-Off Price
98.140
Median Yield
3.58% p.a.
Median Price
98.215
Average Yield
2.94% p.a.
Average Price
98.534
Total Amount Offered
$5,600,000,000
Amount Allotted to Non-Competitive Applications
$2,216,912,000
Total Amount Applied
$12,800,419,000
% of Competitive Applications at Cut-off Allotted
90.05%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.29

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