6-Month T-bill BS25114N (17 Jul 2025) Cut-Off Yield 1.79%

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17 Jul 2025

This issue offers investors a cut-off yield of 1.79% p.a., lower than that (1.85% p.a.) of the previous issue, BS25113W (03 Jul 2025).

The total value of applications in this auction was $15.5B, representing a bid-to-cover ratio of 2.04. This is lower than the $16.1B (bid-to-cover ratio 2.15) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 1.79% get around 44.77% of the amount applied.

Auction Closed

Announcement Date
10 Jul 2025 Notify me
Auction Date
17 Jul 2025 Notify me
Issue Date
22 Jul 2025
Maturity Date
20 Jan 2026
Issue Code
BS25114N
ISIN Code
SGXZ64378292
Cut-Off Yield
1.79% p.a.
Cut-Off Price
99.107
Median Yield
1.73% p.a.
Median Price
99.137
Average Yield
1.60% p.a.
Average Price
99.202
Total Amount Offered
$7,600,000,000
Amount Allotted to Non-Competitive Applications
$1,225,083,000
Total Amount Applied
$15,523,840,000
% of Competitive Applications at Cut-off Allotted
44.77%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.04

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