6-Month T-bill BS24116E (15 Aug 2024) Cut-Off Yield 3.34%

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15 Aug 2024

This issue offers investors a cut-off yield of 3.34% p.a., lower than that (3.40% p.a.) of the previous issue, BS24115A (01 Aug 2024).

The total value of applications in this auction was $16.0B, representing a bid-to-cover ratio of 2.32. This is lower than the $18.0B (bid-to-cover ratio 2.65) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 3.34% get around 30.99% of the amount applied.

Auction Closed

Announcement Date
07 Aug 2024 Notify me
Auction Date
15 Aug 2024 Notify me
Issue Date
20 Aug 2024
Maturity Date
18 Feb 2025
Issue Code
BS24116E
ISIN Code
SGXZ19202407
Cut-Off Yield
3.34% p.a.
Cut-Off Price
98.335
Median Yield
3.20% p.a.
Median Price
98.404
Average Yield
2.83% p.a.
Average Price
98.589
Total Amount Offered
$6,900,000,000
Amount Allotted to Non-Competitive Applications
$2,421,007,000
Total Amount Applied
$16,014,152,000
% of Competitive Applications at Cut-off Allotted
30.99%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.32

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