6-Month T-bill BS25104H (27 Feb 2025) Cut-Off Yield 2.75%

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27 Feb 2025

This issue offers investors a cut-off yield of 2.75% p.a., lower than that (2.90% p.a.) of the previous issue, BS25103S (13 Feb 2025).

The total value of applications in this auction was $20.1B, representing a bid-to-cover ratio of 2.69. This is lower than the $23.3B (bid-to-cover ratio 3.19) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 2.75% get around 4.01% of the amount applied.

Auction Closed

Announcement Date
20 Feb 2025 Notify me
Auction Date
27 Feb 2025 Notify me
Issue Date
04 Mar 2025
Maturity Date
02 Sep 2025
Issue Code
BS25104H
ISIN Code
SGXZ84869254
Cut-Off Yield
2.75% p.a.
Cut-Off Price
98.629
Median Yield
2.69% p.a.
Median Price
98.659
Average Yield
2.36% p.a.
Average Price
98.823
Total Amount Offered
$7,500,000,000
Amount Allotted to Non-Competitive Applications
$2,774,410,000
Total Amount Applied
$20,141,032,000
% of Competitive Applications at Cut-off Allotted
4.01%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.69

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