6-Month T-bill BS25113W (03 Jul 2025) Cut-Off Yield 1.85%

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03 Jul 2025

This issue offers investors a cut-off yield of 1.85% p.a., lower than that (2.00% p.a.) of the previous issue, BS25112X (19 Jun 2025).

The total value of applications in this auction was $16.1B, representing a bid-to-cover ratio of 2.15. This is higher than the $15.9B (bid-to-cover ratio 2.13) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 1.85% get around 41.35% of the amount applied.

Auction Closed

Announcement Date
26 Jun 2025 Notify me
Auction Date
03 Jul 2025 Notify me
Issue Date
08 Jul 2025
Maturity Date
06 Jan 2026
Issue Code
BS25113W
ISIN Code
SGXZ89298723
Cut-Off Yield
1.85% p.a.
Cut-Off Price
99.078
Median Yield
1.76% p.a.
Median Price
99.122
Average Yield
1.64% p.a.
Average Price
99.182
Total Amount Offered
$7,500,000,000
Amount Allotted to Non-Competitive Applications
$1,462,410,000
Total Amount Applied
$16,143,094,000
% of Competitive Applications at Cut-off Allotted
41.35%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.15

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