6-Month T-bill BS24112W (20 Jun 2024) Cut-Off Yield 3.74%

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20 Jun 2024

This issue offers investors a cut-off yield of 3.74% p.a., lower than that (3.76% p.a.) of the previous issue, BS24111X (06 Jun 2024).

The total value of applications in this auction was $15.5B, representing a bid-to-cover ratio of 2.34. This is higher than the $14.2B (bid-to-cover ratio 2.00) received in the previous issue.

Those who submitted non-competitive bids were allotted approximately 83.44% of the amount applied. On the other hand, those who submitted competitive bid at 3.74% get around 46.64% of the amount applied.

Auction Closed

Announcement Date
12 Jun 2024 Notify me
Auction Date
20 Jun 2024 Notify me
Issue Date
25 Jun 2024
Maturity Date
24 Dec 2024
Issue Code
BS24112W
ISIN Code
SGXZ29011285
Cut-Off Yield
3.74% p.a.
Cut-Off Price
98.135
Median Yield
3.54% p.a.
Median Price
98.235
Average Yield
3.08% p.a.
Average Price
98.464
Total Amount Offered
$6,600,000,000
Amount Allotted to Non-Competitive Applications
$2,640,000,000
Total Amount Applied
$15,457,038,000
% of Competitive Applications at Cut-off Allotted
46.64%
% of Non-Competitive Applications Allotted
83.44%
Bid-to-Cover Ratio
2.34

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