6-Month T-bill BS25117E (28 Aug 2025) Cut-Off Yield 1.44%

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28 Aug 2025

This issue offers investors a cut-off yield of 1.44% p.a., lower than that (1.59% p.a.) of the previous issue, BS25116A (14 Aug 2025).

The total value of applications in this auction was $18.4B, representing a bid-to-cover ratio of 2.39. This is higher than the $17.9B (bid-to-cover ratio 2.39) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 1.44% get around 13.07% of the amount applied.

Auction Closed

Announcement Date
21 Aug 2025 Notify me
Auction Date
28 Aug 2025 Notify me
Issue Date
02 Sep 2025
Maturity Date
03 Mar 2026
Issue Code
BS25117E
ISIN Code
SGXZ42067843
Cut-Off Yield
1.44% p.a.
Cut-Off Price
99.282
Median Yield
1.39% p.a.
Median Price
99.307
Average Yield
1.30% p.a.
Average Price
99.352
Total Amount Offered
$7,700,000,000
Amount Allotted to Non-Competitive Applications
$1,183,912,000
Total Amount Applied
$18,384,730,000
% of Competitive Applications at Cut-off Allotted
13.07%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.39

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