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1-Year T-bill BY24102W (25 Jul 2024) Cut-Off Yield 3.38%
25 Jul 2024
This issue offers investors a cut-off yield of 3.38% p.a., lower than that (3.58% p.a.) of the previous issue, BY24101X (18 Apr 2024).
The total value of applications in this auction was $15.0B, representing a bid-to-cover ratio of 2.95. This is higher than the $10.1B (bid-to-cover ratio 1.97) received in the previous issue.
Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 3.38% get around 96.88% of the amount applied.
Auction Closed
- Announcement Date
- 18 Jul 2024 Notify me
- Auction Date
- 25 Jul 2024 Notify me
- Issue Date
- 30 Jul 2024
- Maturity Date
- 29 Jul 2025
- Issue Code
- BY24102W
- ISIN Code
- SGXZ31182504
- Cut-Off Yield
- 3.38% p.a.
- Cut-Off Price
- 96.629
- Median Yield
- 3.16% p.a.
- Median Price
- 96.849
- Average Yield
- 2.84% p.a.
- Average Price
- 97.168
- Total Amount Offered
- $5,100,000,000
- Amount Allotted to Non-Competitive Applications
- $1,483,542,000
- Total Amount Applied
- $15,033,038,000
- % of Competitive Applications at Cut-off Allotted
- 96.88%
- % of Non-Competitive Applications Allotted
- 100.00%
- Bid-to-Cover Ratio
- 2.95
Upcoming Auctions
| Announcement | Auction | Issue | Maturity | Code | ISIN |
|---|---|---|---|---|---|
| 16 Jan 2025 | 23 Jan 2025 | 28 Jan 2025 | 27 Jan 2026 | BY25100H | SGXZ85890994 |