6-Month T-bill BS25115V (31 Jul 2025) Cut-Off Yield 1.77%

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31 Jul 2025

This issue offers investors a cut-off yield of 1.77% p.a., lower than that (1.79% p.a.) of the previous issue, BS25114N (17 Jul 2025).

The total value of applications in this auction was $12.9B, representing a bid-to-cover ratio of 1.69. This is lower than the $15.5B (bid-to-cover ratio 2.04) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 1.77% get around 38.95% of the amount applied.

Auction Closed

Announcement Date
24 Jul 2025 Notify me
Auction Date
31 Jul 2025 Notify me
Issue Date
05 Aug 2025
Maturity Date
03 Feb 2026
Issue Code
BS25115V
ISIN Code
SGXZ18992552
Cut-Off Yield
1.77% p.a.
Cut-Off Price
99.117
Median Yield
1.68% p.a.
Median Price
99.162
Average Yield
1.60% p.a.
Average Price
99.202
Total Amount Offered
$7,600,000,000
Amount Allotted to Non-Competitive Applications
$1,068,647,000
Total Amount Applied
$12,864,049,000
% of Competitive Applications at Cut-off Allotted
38.95%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
1.69

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