6-Month T-bill BS24106W (27 Mar 2024) Cut-Off Yield 3.80%

T-bill splash image

27 Mar 2024

This issue offers investors a cut-off yield of 3.80% p.a., higher than that (3.78% p.a.) of the previous issue, BS24105X (14 Mar 2024).

The total value of applications in this auction was $15.6B, representing a bid-to-cover ratio of 2.55. This is higher than the $14.4B (bid-to-cover ratio 2.29) received in the previous issue.

Those who submitted non-competitive bids were allotted approximately 94.59% of the amount applied. On the other hand, those who submitted competitive bid at 3.80% get around 30.18% of the amount applied.

Auction Closed

Announcement Date
20 Mar 2024 Notify me
Auction Date
27 Mar 2024 Notify me
Issue Date
02 Apr 2024
Maturity Date
01 Oct 2024
Issue Code
BS24106W
ISIN Code
SGXZ88585823
Cut-Off Yield
3.80% p.a.
Cut-Off Price
98.105
Median Yield
3.61% p.a.
Median Price
98.200
Average Yield
3.34% p.a.
Average Price
98.335
Total Amount Offered
$6,100,000,000
Amount Allotted to Non-Competitive Applications
$2,440,000,000
Total Amount Applied
$15,562,929,000
% of Competitive Applications at Cut-off Allotted
30.18%
% of Non-Competitive Applications Allotted
94.59%
Bid-to-Cover Ratio
2.55

View Past Auctions

Upcoming Auctions

AnnouncementAuctionIssueMaturityCodeISIN
02 Oct 202509 Oct 202514 Oct 202514 Apr 2026BS25120NSGXZ14348890
15 Oct 202523 Oct 202528 Oct 202528 Apr 2026BS25121VSGXZ81806382
30 Oct 202506 Nov 202511 Nov 202512 May 2026BS25122ASGXZ92535467

Monitor Upcoming Auctions