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1-Year T-bill BY24100T (25 Jan 2024) Cut-Off Yield 3.45%
25 Jan 2024
This issue offers investors a cut-off yield of 3.45% p.a., lower than that (3.70% p.a.) of the previous issue, BY23103V (19 Oct 2023).
The total value of applications in this auction was $14.4B, representing a bid-to-cover ratio of 3.19. This is higher than the $11.9B (bid-to-cover ratio 2.65) received in the previous issue.
Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 3.45% get around 17.25% of the amount applied.
Auction Closed
- Announcement Date
- 18 Jan 2024 Notify me
- Auction Date
- 25 Jan 2024 Notify me
- Issue Date
- 30 Jan 2024
- Maturity Date
- 28 Jan 2025
- Issue Code
- BY24100T
- ISIN Code
- SGXZ89281026
- Cut-Off Yield
- 3.45% p.a.
- Cut-Off Price
- 96.559
- Median Yield
- 3.40% p.a.
- Median Price
- 96.609
- Average Yield
- 3.13% p.a.
- Average Price
- 96.879
- Total Amount Offered
- $4,500,000,000
- Amount Allotted to Non-Competitive Applications
- $1,774,494,000
- Total Amount Applied
- $14,372,396,000
- % of Competitive Applications at Cut-off Allotted
- 17.25%
- % of Non-Competitive Applications Allotted
- 100.00%
- Bid-to-Cover Ratio
- 3.19
Upcoming Auctions
| Announcement | Auction | Issue | Maturity | Code | ISIN |
|---|---|---|---|---|---|
| 16 Jan 2025 | 23 Jan 2025 | 28 Jan 2025 | 27 Jan 2026 | BY25100H | SGXZ85890994 |