6-Month T-bill BS24108V (25 Apr 2024) Cut-Off Yield 3.74%

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25 Apr 2024

This issue offers investors a cut-off yield of 3.74% p.a., lower than that (3.75% p.a.) of the previous issue, BS24107N (11 Apr 2024).

The total value of applications in this auction was $14.4B, representing a bid-to-cover ratio of 2.18. This is lower than the $16.0B (bid-to-cover ratio 2.54) received in the previous issue.

Those who submitted non-competitive bids were allotted approximately 96.60% of the amount applied. On the other hand, those who submitted competitive bid at 3.74% get around 21.77% of the amount applied.

Auction Closed

Announcement Date
18 Apr 2024 Notify me
Auction Date
25 Apr 2024 Notify me
Issue Date
30 Apr 2024
Maturity Date
29 Oct 2024
Issue Code
BS24108V
ISIN Code
SGXZ83501924
Cut-Off Yield
3.74% p.a.
Cut-Off Price
98.135
Median Yield
3.65% p.a.
Median Price
98.180
Average Yield
3.40% p.a.
Average Price
98.305
Total Amount Offered
$6,600,000,000
Amount Allotted to Non-Competitive Applications
$2,640,000,000
Total Amount Applied
$14,390,615,000
% of Competitive Applications at Cut-off Allotted
21.77%
% of Non-Competitive Applications Allotted
96.60%
Bid-to-Cover Ratio
2.18

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