6-Month T-bill BS25125Z (18 Dec 2025) Cut-Off Yield 1.48%

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18 Dec 2025

This issue offers investors a cut-off yield of 1.48% p.a., higher than that (1.41% p.a.) of the previous issue, BS25124F (04 Dec 2025).

The total value of applications in this auction was $14.9B, representing a bid-to-cover ratio of 1.88. This is lower than the $16.3B (bid-to-cover ratio 2.03) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 1.48% get around 73.45% of the amount applied.

Auction Closed

Announcement Date
11 Dec 2025 Notify me
Auction Date
18 Dec 2025 Notify me
Issue Date
23 Dec 2025
Maturity Date
23 Jun 2026
Issue Code
BS25125Z
ISIN Code
SGXZ20824181
Cut-Off Yield
1.48% p.a.
Cut-Off Price
99.262
Median Yield
1.37% p.a.
Median Price
99.317
Average Yield
1.27% p.a.
Average Price
99.367
Total Amount Offered
$7,900,000,000
Amount Allotted to Non-Competitive Applications
$1,357,188,000
Total Amount Applied
$14,880,055,000
% of Competitive Applications at Cut-off Allotted
73.45%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
1.88

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