6-Month T-bill BS25100E (02 Jan 2025) Cut-Off Yield 3.05%

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02 Jan 2025

This issue offers investors a cut-off yield of 3.05% p.a., higher than that (3.02% p.a.) of the previous issue, BS24125S (19 Dec 2024).

The total value of applications in this auction was $13.7B, representing a bid-to-cover ratio of 1.99. This is lower than the $15.8B (bid-to-cover ratio 2.33) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 3.05% get around 21.79% of the amount applied.

Auction Closed

Announcement Date
24 Dec 2024 Notify me
Auction Date
02 Jan 2025 Notify me
Issue Date
07 Jan 2025
Maturity Date
08 Jul 2025
Issue Code
BS25100E
ISIN Code
SGXZ48768006
Cut-Off Yield
3.05% p.a.
Cut-Off Price
98.479
Median Yield
2.90% p.a.
Median Price
98.554
Average Yield
2.58% p.a.
Average Price
98.714
Total Amount Offered
$6,900,000,000
Amount Allotted to Non-Competitive Applications
$2,236,868,000
Total Amount Applied
$13,707,498,000
% of Competitive Applications at Cut-off Allotted
21.79%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
1.99

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