6-Month T-bill BS23101S (18 Jan 2023) Cut-Off Yield 4.00%

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18 Jan 2023

This issue offers investors a cut-off yield of 4.00% p.a., lower than that (4.20% p.a.) of the previous issue, BS23100Z (05 Jan 2023).

The total value of applications in this auction was $13.1B, representing a bid-to-cover ratio of 2.61. This is higher than the $12.0B (bid-to-cover ratio 2.56) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 4.00% get around 16.91% of the amount applied.

Auction Closed

Announcement Date
11 Jan 2023 Notify me
Auction Date
18 Jan 2023 Notify me
Issue Date
25 Jan 2023
Maturity Date
25 Jul 2023
Issue Code
BS23101S
ISIN Code
SGXZ70079470
Cut-Off Yield
4.00% p.a.
Cut-Off Price
98.016
Median Yield
3.90% p.a.
Median Price
98.066
Average Yield
2.71% p.a.
Average Price
98.656
Total Amount Offered
$5,000,000,000
Amount Allotted to Non-Competitive Applications
$1,427,014,000
Total Amount Applied
$13,063,212,000
% of Competitive Applications at Cut-off Allotted
16.91%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.61

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