6-Month T-bill BS24104T (29 Feb 2024) Cut-Off Yield 3.80%

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29 Feb 2024

This issue offers investors a cut-off yield of 3.80% p.a., higher than that (3.66% p.a.) of the previous issue, BS24103H (15 Feb 2024).

The total value of applications in this auction was $12.4B, representing a bid-to-cover ratio of 1.94. This is lower than the $13.5B (bid-to-cover ratio 2.05) 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 9.30% of the amount applied.

Auction Closed

Announcement Date
22 Feb 2024 Notify me
Auction Date
29 Feb 2024 Notify me
Issue Date
05 Mar 2024
Maturity Date
03 Sep 2024
Issue Code
BS24104T
ISIN Code
SGXZ48734073
Cut-Off Yield
3.80% p.a.
Cut-Off Price
98.105
Median Yield
3.50% p.a.
Median Price
98.255
Average Yield
2.95% p.a.
Average Price
98.529
Total Amount Offered
$6,400,000,000
Amount Allotted to Non-Competitive Applications
$2,351,833,000
Total Amount Applied
$12,446,564,000
% of Competitive Applications at Cut-off Allotted
9.30%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
1.94

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