6-Month T-bill BS25116A (14 Aug 2025) Cut-Off Yield 1.59%

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14 Aug 2025

This issue offers investors a cut-off yield of 1.59% p.a., lower than that (1.77% p.a.) of the previous issue, BS25115V (31 Jul 2025).

The total value of applications in this auction was $17.9B, representing a bid-to-cover ratio of 2.39. This is higher than the $12.9B (bid-to-cover ratio 1.69) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 1.59% get around 18.81% of the amount applied.

Auction Closed

Announcement Date
07 Aug 2025 Notify me
Auction Date
14 Aug 2025 Notify me
Issue Date
19 Aug 2025
Maturity Date
17 Feb 2026
Issue Code
BS25116A
ISIN Code
SGXZ36919934
Cut-Off Yield
1.59% p.a.
Cut-Off Price
99.207
Median Yield
1.55% p.a.
Median Price
99.227
Average Yield
1.48% p.a.
Average Price
99.262
Total Amount Offered
$7,500,000,000
Amount Allotted to Non-Competitive Applications
$1,366,470,000
Total Amount Applied
$17,912,895,000
% of Competitive Applications at Cut-off Allotted
18.81%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.39

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