6-Month T-bill BS23105W (16 Mar 2023) Cut-Off Yield 3.65%

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16 Mar 2023

This issue offers investors a cut-off yield of 3.65% p.a., lower than that (3.98% p.a.) of the previous issue, BS23104X (02 Mar 2023).

The total value of applications in this auction was $12.7B, representing a bid-to-cover ratio of 2.77. This is lower than the $13.0B (bid-to-cover ratio 2.77) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 3.65% get around 66.37% of the amount applied.

Auction Closed

Announcement Date
09 Mar 2023 Notify me
Auction Date
16 Mar 2023 Notify me
Issue Date
21 Mar 2023
Maturity Date
19 Sep 2023
Issue Code
BS23105W
ISIN Code
SGXZ98140148
Cut-Off Yield
3.65% p.a.
Cut-Off Price
98.180
Median Yield
3.58% p.a.
Median Price
98.215
Average Yield
3.41% p.a.
Average Price
98.300
Total Amount Offered
$4,600,000,000
Amount Allotted to Non-Competitive Applications
$836,991,000
Total Amount Applied
$12,747,490,000
% of Competitive Applications at Cut-off Allotted
66.37%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.77

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