6-Month T-bill BS24122E (07 Nov 2024) Cut-Off Yield 3.04%

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07 Nov 2024

This issue offers investors a cut-off yield of 3.04% p.a., higher than that (2.99% p.a.) of the previous issue, BS24121A (24 Oct 2024).

The total value of applications in this auction was $12.3B, representing a bid-to-cover ratio of 1.82. This is lower than the $13.5B (bid-to-cover ratio 1.99) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 3.04% get around 2.96% of the amount applied.

Auction Closed

Announcement Date
30 Oct 2024 Notify me
Auction Date
07 Nov 2024 Notify me
Issue Date
12 Nov 2024
Maturity Date
13 May 2025
Issue Code
BS24122E
ISIN Code
SGXZ72902281
Cut-Off Yield
3.04% p.a.
Cut-Off Price
98.484
Median Yield
2.95% p.a.
Median Price
98.529
Average Yield
2.72% p.a.
Average Price
98.644
Total Amount Offered
$6,800,000,000
Amount Allotted to Non-Competitive Applications
$1,645,733,000
Total Amount Applied
$12,349,928,000
% of Competitive Applications at Cut-off Allotted
2.96%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
1.82

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