6-Month T-bill BS26112T (18 Jun 2026) Open
11 Jun 2026
6-Month T-bill BS26112T is open for application from 11 Jun 2026. Auction will be conducted on 18 Jun 2026.
A total of $8.2B is offered for this issue, lower than that of $8.5B for the previous issue, BS26111H (04 Jun 2026).
Application typically closes on 17 Jun 2026. CPF application may close a business day earlier. Closing date and time may vary from bank to bank. Please check with your bank for the exact cut-off time.
Auction Open
- Announcement Date
- 11 Jun 2026 Notify me
- Closing Date (Typical)
- 17 Jun 2026 Remind me
- Auction Date
- 18 Jun 2026 Notify me
- Issue Date
- 23 Jun 2026
- Maturity Date
- 22 Dec 2026
- Issue Code
- BS26112T
- ISIN Code
- SGXZ39729769
- Total Amount Offered
- $8,200,000,000
Upcoming Auctions
| Announcement | Auction | Issue | Maturity | Code | ISIN |
|---|---|---|---|---|---|
| 25 Jun 2026 | 02 Jul 2026 | 07 Jul 2026 | 05 Jan 2027 | BS26113X | SGXZ26979153 |
| 09 Jul 2026 | 16 Jul 2026 | 21 Jul 2026 | 19 Jan 2027 | BS26114W | SGXZ82264284 |
| 23 Jul 2026 | 30 Jul 2026 | 04 Aug 2026 | 02 Feb 2027 | BS26115N | SGXZ41229063 |
Recent SGS Benchmark Yield
| Date | 05 Jun 2026 | 08 Jun 2026 | 09 Jun 2026 | 10 Jun 2026 | 11 Jun 2026 |
|---|---|---|---|---|---|
| 6-Month Yield (%) | 1.46 | 1.46 | 1.46 | 1.46 | 1.46 |
Source: Daily SGS Prices (MAS)
If you wish to submit a competitive bid for this issue, you need to know what is the fair rate. The 6-Month SGS benchmark yield reflects the bid rate quoted by SGS primary dealers. It provides an indication of the current market rate.
Nonetheless, the cut-off yield will be determined through an auction (ie. depends on demand). You may take hints from the statistics below and see how the cut-off yield compared with previous day benchmark yield in past auctions.
Auction Statistics (Last 10 Auctions in The Last 4 Years)
Cut-Off Yield, Previous Day Benchmark Yield
| Auction Date | Issue Code | Cut-Off Yield (%) | Previous Day Benchmark Yield (%) | Difference (%) |
|---|---|---|---|---|
| 29 Jan 2026 | BS26102F | 1.37 | 1.36 | 0.01 |
| 12 Feb 2026 | BS26103Z | 1.36 | 1.35 | 0.01 |
| 26 Feb 2026 | BS26104S | 1.36 | 1.34 | 0.02 |
| 12 Mar 2026 | BS26105H | 1.37 | 1.35 | 0.02 |
| 26 Mar 2026 | BS26106T | 1.46 | 1.37 | 0.09 |
| 09 Apr 2026 | BS26107X | 1.47 | 1.38 | 0.09 |
| 23 Apr 2026 | BS26108W | 1.40 | 1.44 | -0.04 |
| 07 May 2026 | BS26109N | 1.40 | 1.40 | 0.00 |
| 21 May 2026 | BS26110S | 1.45 | 1.40 | 0.05 |
| 04 Jun 2026 | BS26111H | 1.48 | 1.40 | 0.08 |
Cut-Off Yield had been in the range of -0.04 to 0.09 of Previous Day Benchmark Yield in the auctions above.
Cut-Off Yield, Median Yield, Average Yield
| Auction Date | Issue Code | Cut-Off Yield (%) | Median Yield (%) | Average Yield (%) |
|---|---|---|---|---|
| 29 Jan 2026 | BS26102F | 1.37 | 1.32 | 1.26 |
| 12 Feb 2026 | BS26103Z | 1.36 | 1.31 | 1.23 |
| 26 Feb 2026 | BS26104S | 1.36 | 1.32 | 1.25 |
| 12 Mar 2026 | BS26105H | 1.37 | 1.29 | 1.23 |
| 26 Mar 2026 | BS26106T | 1.46 | 1.39 | 1.30 |
| 09 Apr 2026 | BS26107X | 1.47 | 1.41 | 1.35 |
| 23 Apr 2026 | BS26108W | 1.40 | 1.37 | 1.30 |
| 07 May 2026 | BS26109N | 1.40 | 1.34 | 1.25 |
| 21 May 2026 | BS26110S | 1.45 | 1.38 | 1.32 |
| 04 Jun 2026 | BS26111H | 1.48 | 1.41 | 1.32 |
Total Amount Offered, Total Amount Applied, Bid-to-Cover Ratio
| Auction Date | Issue Code | Total Amount Offered | Total Amount Applied | Bid-to-Cover Ratio |
|---|---|---|---|---|
| 29 Jan 2026 | BS26102F | $8,100,000,000 | $16,410,398,000 | 2.03 |
| 12 Feb 2026 | BS26103Z | $8,200,000,000 | $16,596,305,000 | 2.02 |
| 26 Feb 2026 | BS26104S | $8,200,000,000 | $17,554,774,000 | 2.14 |
| 12 Mar 2026 | BS26105H | $8,300,000,000 | $17,276,754,000 | 2.08 |
| 26 Mar 2026 | BS26106T | $8,200,000,000 | $16,384,835,000 | 2.00 |
| 09 Apr 2026 | BS26107X | $8,400,000,000 | $14,590,434,000 | 1.74 |
| 23 Apr 2026 | BS26108W | $8,400,000,000 | $19,232,187,000 | 2.29 |
| 07 May 2026 | BS26109N | $8,500,000,000 | $17,465,037,000 | 2.05 |
| 21 May 2026 | BS26110S | $8,500,000,000 | $18,044,724,000 | 2.12 |
| 04 Jun 2026 | BS26111H | $8,500,000,000 | $14,076,744,000 | 1.66 |
Total Amount Allotted, Amount (%) Allotted to Non-Competitive Applications
| Auction Date | Issue Code | Total Amount Allotted | Amount Allotted to Non-Competitive Applications | % Allotted to Non-Competitive Applications | % of Non-Competitive Applications Allotted |
|---|---|---|---|---|---|
| 29 Jan 2026 | BS26102F | $8,100,000,000 | $1,134,233,000 | 14.00% | 100.00% |
| 12 Feb 2026 | BS26103Z | $8,200,000,000 | $1,202,979,000 | 14.67% | 100.00% |
| 26 Feb 2026 | BS26104S | $8,200,000,000 | $1,154,540,000 | 14.08% | 100.00% |
| 12 Mar 2026 | BS26105H | $8,300,000,000 | $1,169,571,000 | 14.09% | 100.00% |
| 26 Mar 2026 | BS26106T | $8,200,000,000 | $1,324,099,000 | 16.15% | 100.00% |
| 09 Apr 2026 | BS26107X | $8,400,000,000 | $1,339,159,000 | 15.94% | 100.00% |
| 23 Apr 2026 | BS26108W | $8,400,000,000 | $1,269,662,000 | 15.12% | 100.00% |
| 07 May 2026 | BS26109N | $8,500,000,000 | $1,412,575,000 | 16.62% | 100.00% |
| 21 May 2026 | BS26110S | $8,500,000,000 | $1,352,503,000 | 15.91% | 100.00% |
| 04 Jun 2026 | BS26111H | $8,500,000,000 | $1,463,841,000 | 17.22% | 100.00% |
Non-competitive bids will be allotted first, up to 40% of the total issuance amount. If the amount of non-competitive bids exceeds 40%, the bond will be allocated on a pro-rated basis. This means, when % Allotted to Non-Competitive Applications reaches 40%, % of Non-Competitive Applications Allotted will be less than 100%.
The latest SSB (SBJUL26) has a 10-year average return of 2.11% p.a. View Details
The next SSB (SBAUG26) is projected to have a lower 10-year average return. View Projection