6-Month T-bill BS25119Z (25 Sep 2025) Cut-Off Yield 1.44%

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25 Sep 2025

This issue offers investors a cut-off yield of 1.44% p.a., higher than that (1.38% p.a.) of the previous issue, BS25118F (11 Sep 2025).

The total value of applications in this auction was $13.5B, representing a bid-to-cover ratio of 1.75. This is lower than the $15.7B (bid-to-cover ratio 2.02) 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 4.19% of the amount applied.

Auction Closed

Announcement Date
18 Sep 2025 Notify me
Auction Date
25 Sep 2025 Notify me
Issue Date
30 Sep 2025
Maturity Date
31 Mar 2026
Issue Code
BS25119Z
ISIN Code
SGXZ10256311
Cut-Off Yield
1.44% p.a.
Cut-Off Price
99.282
Median Yield
1.33% p.a.
Median Price
99.337
Average Yield
1.23% p.a.
Average Price
99.387
Total Amount Offered
$7,700,000,000
Amount Allotted to Non-Competitive Applications
$903,512,000
Total Amount Applied
$13,450,686,000
% of Competitive Applications at Cut-off Allotted
4.19%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
1.75

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