6-Month T-bill BS23103T (16 Feb 2023) Cut-Off Yield 3.93%

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16 Feb 2023

This issue offers investors a cut-off yield of 3.93% p.a., higher than that (3.88% p.a.) of the previous issue, BS23102H (02 Feb 2023).

The total value of applications in this auction was $11.0B, representing a bid-to-cover ratio of 2.25. This is lower than the $12.9B (bid-to-cover ratio 2.63) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 3.93% get around 21.36% of the amount applied.

Auction Closed

Announcement Date
09 Feb 2023 Notify me
Auction Date
16 Feb 2023 Notify me
Issue Date
21 Feb 2023
Maturity Date
22 Aug 2023
Issue Code
BS23103T
ISIN Code
SGXZ17686775
Cut-Off Yield
3.93% p.a.
Cut-Off Price
98.040
Median Yield
3.70% p.a.
Median Price
98.155
Average Yield
3.26% p.a.
Average Price
98.374
Total Amount Offered
$4,900,000,000
Amount Allotted to Non-Competitive Applications
$737,263,000
Total Amount Applied
$11,016,328,000
% of Competitive Applications at Cut-off Allotted
21.36%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.25

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