6-Month T-bill BS25108N (24 Apr 2025) Cut-Off Yield 2.38%

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24 Apr 2025

This issue offers investors a cut-off yield of 2.38% p.a., lower than that (2.50% p.a.) of the previous issue, BS25107W (10 Apr 2025).

The total value of applications in this auction was $16.6B, representing a bid-to-cover ratio of 2.24. This is lower than the $17.2B (bid-to-cover ratio 2.32) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 2.38% get around 17.86% of the amount applied.

Auction Closed

Announcement Date
16 Apr 2025 Notify me
Auction Date
24 Apr 2025 Notify me
Issue Date
29 Apr 2025
Maturity Date
28 Oct 2025
Issue Code
BS25108N
ISIN Code
SGXZ68156801
Cut-Off Yield
2.38% p.a.
Cut-Off Price
98.813
Median Yield
2.32% p.a.
Median Price
98.843
Average Yield
2.16% p.a.
Average Price
98.923
Total Amount Offered
$7,400,000,000
Amount Allotted to Non-Competitive Applications
$1,354,664,000
Total Amount Applied
$16,592,769,000
% of Competitive Applications at Cut-off Allotted
17.86%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.24

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