6-Month T-bill BS25109V (07 May 2025) Cut-Off Yield 2.30%

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07 May 2025

This issue offers investors a cut-off yield of 2.30% p.a., lower than that (2.38% p.a.) of the previous issue, BS25108N (24 Apr 2025).

The total value of applications in this auction was $17.1B, representing a bid-to-cover ratio of 2.32. This is higher than the $16.6B (bid-to-cover ratio 2.24) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 2.30% get around 23.76% of the amount applied.

Auction Closed

Announcement Date
29 Apr 2025 Notify me
Auction Date
07 May 2025 Notify me
Issue Date
13 May 2025
Maturity Date
11 Nov 2025
Issue Code
BS25109V
ISIN Code
SGXZ52581949
Cut-Off Yield
2.30% p.a.
Cut-Off Price
98.853
Median Yield
2.24% p.a.
Median Price
98.883
Average Yield
2.09% p.a.
Average Price
98.958
Total Amount Offered
$7,400,000,000
Amount Allotted to Non-Competitive Applications
$1,505,188,000
Total Amount Applied
$17,142,695,000
% of Competitive Applications at Cut-off Allotted
23.76%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.32

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