6-Month T-bill BS25123E (20 Nov 2025) Cut-Off Yield 1.39%

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20 Nov 2025

This issue offers investors a cut-off yield of 1.39% p.a., higher than that (1.37% p.a.) of the previous issue, BS25122A (06 Nov 2025).

The total value of applications in this auction was $16.9B, representing a bid-to-cover ratio of 2.11. This is lower than the $18.6B (bid-to-cover ratio 2.33) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 1.39% get around 21.82% of the amount applied.

Auction Closed

Announcement Date
13 Nov 2025 Notify me
Auction Date
20 Nov 2025 Notify me
Issue Date
25 Nov 2025
Maturity Date
26 May 2026
Issue Code
BS25123E
ISIN Code
SGXZ46389284
Cut-Off Yield
1.39% p.a.
Cut-Off Price
99.307
Median Yield
1.34% p.a.
Median Price
99.332
Average Yield
1.22% p.a.
Average Price
99.392
Total Amount Offered
$8,000,000,000
Amount Allotted to Non-Competitive Applications
$1,113,766,000
Total Amount Applied
$16,877,758,000
% of Competitive Applications at Cut-off Allotted
21.82%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.11

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