6-Month T-bill BS23106N (30 Mar 2023) Cut-Off Yield 3.85%

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30 Mar 2023

This issue offers investors a cut-off yield of 3.85% p.a., higher than that (3.65% p.a.) of the previous issue, BS23105W (16 Mar 2023).

The total value of applications in this auction was $9.6B, representing a bid-to-cover ratio of 2.23. This is lower than the $12.7B (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 3.85% get around 12.83% of the amount applied.

Auction Closed

Announcement Date
23 Mar 2023 Notify me
Auction Date
30 Mar 2023 Notify me
Issue Date
04 Apr 2023
Maturity Date
03 Oct 2023
Issue Code
BS23106N
ISIN Code
SGXZ31942782
Cut-Off Yield
3.85% p.a.
Cut-Off Price
98.080
Median Yield
3.65% p.a.
Median Price
98.180
Average Yield
3.43% p.a.
Average Price
98.290
Total Amount Offered
$4,300,000,000
Amount Allotted to Non-Competitive Applications
$539,055,000
Total Amount Applied
$9,572,803,000
% of Competitive Applications at Cut-off Allotted
12.83%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.23

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