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1-Year T-bill BY23103V (19 Oct 2023) Cut-Off Yield 3.70%
19 Oct 2023
This issue offers investors a cut-off yield of 3.70% p.a., lower than that (3.74% p.a.) of the previous issue, BY23102N (27 Jul 2023).
The total value of applications in this auction was $11.9B, representing a bid-to-cover ratio of 2.65. This is higher than the $9.3B (bid-to-cover ratio 2.11) received in the previous issue.
Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 3.70% get around 64.79% of the amount applied.
Auction Closed
- Announcement Date
- 12 Oct 2023 Notify me
- Auction Date
- 19 Oct 2023 Notify me
- Issue Date
- 24 Oct 2023
- Maturity Date
- 22 Oct 2024
- Issue Code
- BY23103V
- ISIN Code
- SGXZ50774546
- Cut-Off Yield
- 3.70% p.a.
- Cut-Off Price
- 96.310
- Median Yield
- 3.55% p.a.
- Median Price
- 96.460
- Average Yield
- 3.32% p.a.
- Average Price
- 96.689
- Total Amount Offered
- $4,500,000,000
- Amount Allotted to Non-Competitive Applications
- $1,391,864,000
- Total Amount Applied
- $11,941,430,000
- % of Competitive Applications at Cut-off Allotted
- 64.79%
- % of Non-Competitive Applications Allotted
- 100.00%
- Bid-to-Cover Ratio
- 2.65
Upcoming Auctions
| Announcement | Auction | Issue | Maturity | Code | ISIN |
|---|---|---|---|---|---|
| 16 Jan 2025 | 23 Jan 2025 | 28 Jan 2025 | 27 Jan 2026 | BY25100H | SGXZ85890994 |