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1-Year T-bill BY23102N (27 Jul 2023) Cut-Off Yield 3.74%
27 Jul 2023
This issue offers investors a cut-off yield of 3.74% p.a., higher than that (3.58% p.a.) of the previous issue, BY23101W (20 Apr 2023).
The total value of applications in this auction was $9.3B, representing a bid-to-cover ratio of 2.11. This is lower than the $12.7B (bid-to-cover ratio 2.96) received in the previous issue.
Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 3.74% get around 75.92% of the amount applied.
Auction Closed
- Announcement Date
- 20 Jul 2023 Notify me
- Auction Date
- 27 Jul 2023 Notify me
- Issue Date
- 01 Aug 2023
- Maturity Date
- 30 Jul 2024
- Issue Code
- BY23102N
- ISIN Code
- SGXZ94049863
- Cut-Off Yield
- 3.74% p.a.
- Cut-Off Price
- 96.270
- Median Yield
- 3.50% p.a.
- Median Price
- 96.510
- Average Yield
- 3.09% p.a.
- Average Price
- 96.918
- Total Amount Offered
- $4,400,000,000
- Amount Allotted to Non-Competitive Applications
- $797,243,000
- Total Amount Applied
- $9,277,171,000
- % of Competitive Applications at Cut-off Allotted
- 75.92%
- % of Non-Competitive Applications Allotted
- 100.00%
- Bid-to-Cover Ratio
- 2.11
Upcoming Auctions
| Announcement | Auction | Issue | Maturity | Code | ISIN |
|---|---|---|---|---|---|
| 16 Jan 2025 | 23 Jan 2025 | 28 Jan 2025 | 27 Jan 2026 | BY25100H | SGXZ85890994 |