6-Month T-bill BS24121A (24 Oct 2024) Cut-Off Yield 2.99%

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24 Oct 2024

This issue offers investors a cut-off yield of 2.99% p.a., lower than that (3.06% p.a.) of the previous issue, BS24120V (10 Oct 2024).

The total value of applications in this auction was $13.5B, representing a bid-to-cover ratio of 1.99. This is lower than the $14.9B (bid-to-cover ratio 2.19) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 2.99% get around 46.13% of the amount applied.

Auction Closed

Announcement Date
17 Oct 2024 Notify me
Auction Date
24 Oct 2024 Notify me
Issue Date
29 Oct 2024
Maturity Date
29 Apr 2025
Issue Code
BS24121A
ISIN Code
SGXZ65299968
Cut-Off Yield
2.99% p.a.
Cut-Off Price
98.509
Median Yield
2.93% p.a.
Median Price
98.539
Average Yield
2.84% p.a.
Average Price
98.584
Total Amount Offered
$6,800,000,000
Amount Allotted to Non-Competitive Applications
$1,449,214,000
Total Amount Applied
$13,526,594,000
% of Competitive Applications at Cut-off Allotted
46.13%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
1.99

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