6-Month T-bill BS23109E (11 May 2023) Cut-Off Yield 3.78%

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11 May 2023

This issue offers investors a cut-off yield of 3.78% p.a., lower than that (3.83% p.a.) of the previous issue, BS23108A (26 Apr 2023).

The total value of applications in this auction was $12.0B, representing a bid-to-cover ratio of 2.39. This is higher than the $11.1B (bid-to-cover ratio 2.22) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 3.78% get around 23.49% of the amount applied.

Auction Closed

Announcement Date
04 May 2023 Notify me
Auction Date
11 May 2023 Notify me
Issue Date
16 May 2023
Maturity Date
14 Nov 2023
Issue Code
BS23109E
ISIN Code
SGXZ74045766
Cut-Off Yield
3.78% p.a.
Cut-Off Price
98.115
Median Yield
3.60% p.a.
Median Price
98.205
Average Yield
3.26% p.a.
Average Price
98.374
Total Amount Offered
$5,000,000,000
Amount Allotted to Non-Competitive Applications
$1,318,378,000
Total Amount Applied
$11,951,903,000
% of Competitive Applications at Cut-off Allotted
23.49%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.39

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