6-Month T-bill BS25107W (10 Apr 2025) Cut-Off Yield 2.50%

T-bill splash image

10 Apr 2025

This issue offers investors a cut-off yield of 2.50% p.a., lower than that (2.73% p.a.) of the previous issue, BS25106X (26 Mar 2025).

The total value of applications in this auction was $17.2B, representing a bid-to-cover ratio of 2.32. This is higher than the $15.8B (bid-to-cover ratio 2.14) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 2.50% get around 9.93% of the amount applied.

Auction Closed

Announcement Date
03 Apr 2025 Notify me
Auction Date
10 Apr 2025 Notify me
Issue Date
15 Apr 2025
Maturity Date
14 Oct 2025
Issue Code
BS25107W
ISIN Code
SGXZ85227049
Cut-Off Yield
2.50% p.a.
Cut-Off Price
98.753
Median Yield
2.40% p.a.
Median Price
98.803
Average Yield
2.10% p.a.
Average Price
98.953
Total Amount Offered
$7,400,000,000
Amount Allotted to Non-Competitive Applications
$1,588,241,000
Total Amount Applied
$17,193,127,000
% of Competitive Applications at Cut-off Allotted
9.93%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.32

View Past Auctions

Upcoming Auctions

AnnouncementAuctionIssueMaturityCodeISIN
14 May 202621 May 202626 May 202624 Nov 2026BS26110SSGXZ28747210
26 May 202604 Jun 202609 Jun 202608 Dec 2026BS26111HSGXZ50897446
11 Jun 202618 Jun 202623 Jun 202622 Dec 2026BS26112TSGXZ39729769
25 Jun 202602 Jul 202607 Jul 202605 Jan 2027BS26113XSGXZ26979153

Monitor Upcoming Auctions