6-Month T-bill BS25102Z (28 Jan 2025) Cut-Off Yield 3.04%

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28 Jan 2025

This issue offers investors a cut-off yield of 3.04% p.a., higher than that (2.99% p.a.) of the previous issue, BS25101F (16 Jan 2025).

The total value of applications in this auction was $15.3B, representing a bid-to-cover ratio of 2.13. This is lower than the $18.4B (bid-to-cover ratio 2.55) 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 71.25% of the amount applied.

Auction Closed

Announcement Date
21 Jan 2025 Notify me
Auction Date
28 Jan 2025 Notify me
Issue Date
04 Feb 2025
Maturity Date
05 Aug 2025
Issue Code
BS25102Z
ISIN Code
SGXZ33655317
Cut-Off Yield
3.04% p.a.
Cut-Off Price
98.484
Median Yield
2.97% p.a.
Median Price
98.519
Average Yield
2.69% p.a.
Average Price
98.659
Total Amount Offered
$7,200,000,000
Amount Allotted to Non-Competitive Applications
$2,261,946,000
Total Amount Applied
$15,324,760,000
% of Competitive Applications at Cut-off Allotted
71.25%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.13

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