6-Month T-bill BS25101F (16 Jan 2025) Cut-Off Yield 2.99%

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16 Jan 2025

This issue offers investors a cut-off yield of 2.99% p.a., lower than that (3.05% p.a.) of the previous issue, BS25100E (02 Jan 2025).

The total value of applications in this auction was $18.4B, representing a bid-to-cover ratio of 2.55. This is higher than the $13.7B (bid-to-cover ratio 1.99) received in the previous issue.

Those who submitted non-competitive bids were allotted approximately 92.71% of the amount applied. On the other hand, those who submitted competitive bid at 2.99% get around 41.00% of the amount applied.

Auction Closed

Announcement Date
09 Jan 2025 Notify me
Auction Date
16 Jan 2025 Notify me
Issue Date
21 Jan 2025
Maturity Date
22 Jul 2025
Issue Code
BS25101F
ISIN Code
SGXZ52757945
Cut-Off Yield
2.99% p.a.
Cut-Off Price
98.509
Median Yield
2.88% p.a.
Median Price
98.564
Average Yield
2.52% p.a.
Average Price
98.743
Total Amount Offered
$7,200,000,000
Amount Allotted to Non-Competitive Applications
$2,880,000,000
Total Amount Applied
$18,389,116,000
% of Competitive Applications at Cut-off Allotted
41.00%
% of Non-Competitive Applications Allotted
92.71%
Bid-to-Cover Ratio
2.55

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