6-Month T-bill BS25122A (06 Nov 2025) Cut-Off Yield 1.37%

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06 Nov 2025

This issue offers investors a cut-off yield of 1.37% p.a., lower than that (1.41% p.a.) of the previous issue, BS25121V (23 Oct 2025).

The total value of applications in this auction was $18.6B, representing a bid-to-cover ratio of 2.33. This is higher than the $15.9B (bid-to-cover ratio 2.01) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 1.37% get around 14.95% of the amount applied.

Auction Closed

Announcement Date
30 Oct 2025 Notify me
Auction Date
06 Nov 2025 Notify me
Issue Date
11 Nov 2025
Maturity Date
12 May 2026
Issue Code
BS25122A
ISIN Code
SGXZ92535467
Cut-Off Yield
1.37% p.a.
Cut-Off Price
99.317
Median Yield
1.30% p.a.
Median Price
99.352
Average Yield
1.14% p.a.
Average Price
99.432
Total Amount Offered
$8,000,000,000
Amount Allotted to Non-Competitive Applications
$1,267,400,000
Total Amount Applied
$18,608,988,000
% of Competitive Applications at Cut-off Allotted
14.95%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.33

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