6-Month T-bill BS25106X (26 Mar 2025) Cut-Off Yield 2.73%

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26 Mar 2025

This issue offers investors a cut-off yield of 2.73% p.a., higher than that (2.56% p.a.) of the previous issue, BS25105T (13 Mar 2025).

The total value of applications in this auction was $15.8B, representing a bid-to-cover ratio of 2.14. This is lower than the $19.8B (bid-to-cover ratio 2.64) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 2.73% get around 3.68% of the amount applied.

Auction Closed

Announcement Date
19 Mar 2025 Notify me
Auction Date
26 Mar 2025 Notify me
Issue Date
01 Apr 2025
Maturity Date
30 Sep 2025
Issue Code
BS25106X
ISIN Code
SGXZ85532927
Cut-Off Yield
2.73% p.a.
Cut-Off Price
98.639
Median Yield
2.60% p.a.
Median Price
98.704
Average Yield
2.54% p.a.
Average Price
98.733
Total Amount Offered
$7,400,000,000
Amount Allotted to Non-Competitive Applications
$1,400,992,000
Total Amount Applied
$15,801,583,000
% of Competitive Applications at Cut-off Allotted
3.68%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.14

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