6-Month T-bill BS25110H (22 May 2025) Cut-Off Yield 2.20%

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22 May 2025

This issue offers investors a cut-off yield of 2.20% p.a., lower than that (2.30% p.a.) of the previous issue, BS25109V (07 May 2025).

The total value of applications in this auction was $18.1B, representing a bid-to-cover ratio of 2.41. This is higher than the $17.1B (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 2.20% get around 59.46% of the amount applied.

Auction Closed

Announcement Date
15 May 2025 Notify me
Auction Date
22 May 2025 Notify me
Issue Date
27 May 2025
Maturity Date
25 Nov 2025
Issue Code
BS25110H
ISIN Code
SGXZ95105383
Cut-Off Yield
2.20% p.a.
Cut-Off Price
98.903
Median Yield
2.18% p.a.
Median Price
98.913
Average Yield
2.07% p.a.
Average Price
98.968
Total Amount Offered
$7,500,000,000
Amount Allotted to Non-Competitive Applications
$1,517,247,000
Total Amount Applied
$18,077,223,000
% of Competitive Applications at Cut-off Allotted
59.46%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.41

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