6-Month T-bill BS25120N (09 Oct 2025) Cut-Off Yield 1.44%

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09 Oct 2025

This issue offers investors a cut-off yield of 1.44% p.a., the same as that of the previous issue, BS25119Z (25 Sep 2025).

The total value of applications in this auction was $14.8B, representing a bid-to-cover ratio of 1.90. This is higher than the $13.5B (bid-to-cover ratio 1.75) 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 74.59% of the amount applied.

Auction Closed

Announcement Date
02 Oct 2025 Notify me
Auction Date
09 Oct 2025 Notify me
Issue Date
14 Oct 2025
Maturity Date
14 Apr 2026
Issue Code
BS25120N
ISIN Code
SGXZ14348890
Cut-Off Yield
1.44% p.a.
Cut-Off Price
99.282
Median Yield
1.38% p.a.
Median Price
99.312
Average Yield
1.29% p.a.
Average Price
99.357
Total Amount Offered
$7,800,000,000
Amount Allotted to Non-Competitive Applications
$1,167,035,000
Total Amount Applied
$14,809,877,000
% of Competitive Applications at Cut-off Allotted
74.59%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
1.90

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