6-Month T-bill BS24103H (15 Feb 2024) Cut-Off Yield 3.66%

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15 Feb 2024

This issue offers investors a cut-off yield of 3.66% p.a., higher than that (3.54% p.a.) of the previous issue, BS24102S (01 Feb 2024).

The total value of applications in this auction was $13.5B, representing a bid-to-cover ratio of 2.05. This is lower than the $14.6B (bid-to-cover ratio 2.32) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 3.66% get around 87.72% of the amount applied.

Auction Closed

Announcement Date
07 Feb 2024 Notify me
Auction Date
15 Feb 2024 Notify me
Issue Date
20 Feb 2024
Maturity Date
20 Aug 2024
Issue Code
BS24103H
ISIN Code
SGXZ50304468
Cut-Off Yield
3.66% p.a.
Cut-Off Price
98.175
Median Yield
3.48% p.a.
Median Price
98.265
Average Yield
3.00% p.a.
Average Price
98.504
Total Amount Offered
$6,600,000,000
Amount Allotted to Non-Competitive Applications
$1,960,843,000
Total Amount Applied
$13,519,977,000
% of Competitive Applications at Cut-off Allotted
87.72%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.05

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