6-Month T-bill BS22123S (24 Nov 2022) Cut-Off Yield 3.90%

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24 Nov 2022

This issue offers investors a cut-off yield of 3.90% p.a., lower than that (4.00% p.a.) of the previous issue, BS22122Z (10 Nov 2022).

The total value of applications in this auction was $11.9B, representing a bid-to-cover ratio of 2.48. This is lower than the $14.2B (bid-to-cover ratio 3.17) received in the previous issue.

Those who submitted non-competitive bids were allotted approximately 77.78% of the amount applied. On the other hand, those who submitted competitive bid at 3.90% get around 7.80% of the amount applied.

Auction Closed

Announcement Date
17 Nov 2022 Notify me
Auction Date
24 Nov 2022 Notify me
Issue Date
29 Nov 2022
Maturity Date
30 May 2023
Issue Code
BS22123S
ISIN Code
SGXZ30631881
Cut-Off Yield
3.90% p.a.
Cut-Off Price
98.055
Median Yield
3.50% p.a.
Median Price
98.255
Average Yield
3.26% p.a.
Average Price
98.374
Total Amount Offered
$4,800,000,000
Amount Allotted to Non-Competitive Applications
$1,920,000,000
Total Amount Applied
$11,894,059,000
% of Competitive Applications at Cut-off Allotted
7.80%
% of Non-Competitive Applications Allotted
77.78%
Bid-to-Cover Ratio
2.48

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