6-Month T-bill BS23108A (26 Apr 2023) Cut-Off Yield 3.83%

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26 Apr 2023

This issue offers investors a cut-off yield of 3.83% p.a., higher than that (3.75% p.a.) of the previous issue, BS23107V (13 Apr 2023).

The total value of applications in this auction was $11.1B, representing a bid-to-cover ratio of 2.22. This is lower than the $12.3B (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 3.83% get around 37.92% of the amount applied.

Auction Closed

Announcement Date
19 Apr 2023 Notify me
Auction Date
26 Apr 2023 Notify me
Issue Date
02 May 2023
Maturity Date
31 Oct 2023
Issue Code
BS23108A
ISIN Code
SGXZ84803105
Cut-Off Yield
3.83% p.a.
Cut-Off Price
98.090
Median Yield
3.70% p.a.
Median Price
98.155
Average Yield
3.44% p.a.
Average Price
98.285
Total Amount Offered
$5,000,000,000
Amount Allotted to Non-Competitive Applications
$668,991,000
Total Amount Applied
$11,112,166,000
% of Competitive Applications at Cut-off Allotted
37.92%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.22

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