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1-Year T-bill BY24103N (17 Oct 2024) Cut-Off Yield 2.71%
17 Oct 2024
This issue offers investors a cut-off yield of 2.71% p.a., lower than that (3.38% p.a.) of the previous issue, BY24102W (25 Jul 2024).
The total value of applications in this auction was $14.7B, representing a bid-to-cover ratio of 2.83. This is lower than the $15.0B (bid-to-cover ratio 2.95) received in the previous issue.
Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 2.71% get around 15.41% of the amount applied.
Auction Closed
- Announcement Date
- 10 Oct 2024 Notify me
- Auction Date
- 17 Oct 2024 Notify me
- Issue Date
- 22 Oct 2024
- Maturity Date
- 21 Oct 2025
- Issue Code
- BY24103N
- ISIN Code
- SGXZ73155558
- Cut-Off Yield
- 2.71% p.a.
- Cut-Off Price
- 97.297
- Median Yield
- 2.60% p.a.
- Median Price
- 97.407
- Average Yield
- 2.47% p.a.
- Average Price
- 97.537
- Total Amount Offered
- $5,200,000,000
- Amount Allotted to Non-Competitive Applications
- $826,470,000
- Total Amount Applied
- $14,697,623,000
- % of Competitive Applications at Cut-off Allotted
- 15.41%
- % of Non-Competitive Applications Allotted
- 100.00%
- Bid-to-Cover Ratio
- 2.83
Upcoming Auctions
| Announcement | Auction | Issue | Maturity | Code | ISIN |
|---|---|---|---|---|---|
| 09 Apr 2025 | 16 Apr 2025 | 22 Apr 2025 | 21 Apr 2026 | BY25101T | SGXZ26944249 |