6-Month T-bill BS25118F (11 Sep 2025) Cut-Off Yield 1.38%

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11 Sep 2025

This issue offers investors a cut-off yield of 1.38% p.a., lower than that (1.44% p.a.) of the previous issue, BS25117E (28 Aug 2025).

The total value of applications in this auction was $15.7B, representing a bid-to-cover ratio of 2.02. This is lower than the $18.4B (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 1.38% get around 65.02% of the amount applied.

Auction Closed

Announcement Date
04 Sep 2025 Notify me
Auction Date
11 Sep 2025 Notify me
Issue Date
16 Sep 2025
Maturity Date
17 Mar 2026
Issue Code
BS25118F
ISIN Code
SGXZ80741986
Cut-Off Yield
1.38% p.a.
Cut-Off Price
99.312
Median Yield
1.31% p.a.
Median Price
99.347
Average Yield
1.27% p.a.
Average Price
99.367
Total Amount Offered
$7,800,000,000
Amount Allotted to Non-Competitive Applications
$1,190,757,000
Total Amount Applied
$15,728,418,000
% of Competitive Applications at Cut-off Allotted
65.02%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.02

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