6-Month T-bill BS25103S (13 Feb 2025) Cut-Off Yield 2.90%

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13 Feb 2025

This issue offers investors a cut-off yield of 2.90% p.a., lower than that (3.04% p.a.) of the previous issue, BS25102Z (28 Jan 2025).

The total value of applications in this auction was $23.3B, representing a bid-to-cover ratio of 3.19. This is higher than the $15.3B (bid-to-cover ratio 2.13) received in the previous issue.

Those who submitted non-competitive bids were allotted approximately 80.02% of the amount applied. On the other hand, those who submitted competitive bid at 2.90% get around 29.99% of the amount applied.

Auction Closed

Announcement Date
06 Feb 2025 Notify me
Auction Date
13 Feb 2025 Notify me
Issue Date
18 Feb 2025
Maturity Date
19 Aug 2025
Issue Code
BS25103S
ISIN Code
SGXZ89539258
Cut-Off Yield
2.90% p.a.
Cut-Off Price
98.554
Median Yield
2.78% p.a.
Median Price
98.614
Average Yield
2.52% p.a.
Average Price
98.743
Total Amount Offered
$7,300,000,000
Amount Allotted to Non-Competitive Applications
$2,920,000,000
Total Amount Applied
$23,272,954,000
% of Competitive Applications at Cut-off Allotted
29.99%
% of Non-Competitive Applications Allotted
80.02%
Bid-to-Cover Ratio
3.19

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