6-Month T-bill BS24111X (06 Jun 2024) Cut-Off Yield 3.76%

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06 Jun 2024

This issue offers investors a cut-off yield of 3.76% p.a., higher than that (3.65% p.a.) of the previous issue, BS24110T (23 May 2024).

The total value of applications in this auction was $14.2B, representing a bid-to-cover ratio of 2.00. This is lower than the $14.5B (bid-to-cover ratio 2.07) received in the previous issue.

Those who submitted non-competitive bids were allotted approximately 91.40% of the amount applied. On the other hand, those who submitted competitive bid at 3.76% get around 25.65% of the amount applied.

Auction Closed

Announcement Date
30 May 2024 Notify me
Auction Date
06 Jun 2024 Notify me
Issue Date
11 Jun 2024
Maturity Date
10 Dec 2024
Issue Code
BS24111X
ISIN Code
SGXZ81105322
Cut-Off Yield
3.76% p.a.
Cut-Off Price
98.125
Median Yield
3.50% p.a.
Median Price
98.255
Average Yield
3.15% p.a.
Average Price
98.429
Total Amount Offered
$7,100,000,000
Amount Allotted to Non-Competitive Applications
$2,840,000,000
Total Amount Applied
$14,220,283,000
% of Competitive Applications at Cut-off Allotted
25.65%
% of Non-Competitive Applications Allotted
91.40%
Bid-to-Cover Ratio
2.00

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