6-Month T-bill BS25121V (23 Oct 2025) Cut-Off Yield 1.41%

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23 Oct 2025

This issue offers investors a cut-off yield of 1.41% p.a., lower than that (1.44% p.a.) of the previous issue, BS25120N (09 Oct 2025).

The total value of applications in this auction was $15.9B, representing a bid-to-cover ratio of 2.01. This is higher than the $14.8B (bid-to-cover ratio 1.90) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 1.41% get around 12.51% of the amount applied.

Auction Closed

Announcement Date
15 Oct 2025 Notify me
Auction Date
23 Oct 2025 Notify me
Issue Date
28 Oct 2025
Maturity Date
28 Apr 2026
Issue Code
BS25121V
ISIN Code
SGXZ81806382
Cut-Off Yield
1.41% p.a.
Cut-Off Price
99.297
Median Yield
1.35% p.a.
Median Price
99.327
Average Yield
1.29% p.a.
Average Price
99.357
Total Amount Offered
$7,900,000,000
Amount Allotted to Non-Competitive Applications
$1,121,150,000
Total Amount Applied
$15,850,556,000
% of Competitive Applications at Cut-off Allotted
12.51%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.01

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