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6-Month T-bill BS23110X (25 May 2023) Cut-Off Yield 3.85%
25 May 2023
This issue offers investors a cut-off yield of 3.85% p.a., higher than that (3.78% p.a.) of the previous issue, BS23109E (11 May 2023).
The total value of applications in this auction was $12.2B, representing a bid-to-cover ratio of 2.30. This is higher than the $12.0B (bid-to-cover ratio 2.39) 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 2.23% of the amount applied.
Auction Closed
- Announcement Date
- 18 May 2023 Notify me
- Auction Date
- 25 May 2023 Notify me
- Issue Date
- 30 May 2023
- Maturity Date
- 28 Nov 2023
- Issue Code
- BS23110X
- ISIN Code
- SGXZ89109110
- Cut-Off Yield
- 3.85% p.a.
- Cut-Off Price
- 98.080
- Median Yield
- 3.60% p.a.
- Median Price
- 98.205
- Average Yield
- 3.15% p.a.
- Average Price
- 98.429
- Total Amount Offered
- $5,300,000,000
- Amount Allotted to Non-Competitive Applications
- $1,446,207,000
- Total Amount Applied
- $12,181,284,000
- % of Competitive Applications at Cut-off Allotted
- 2.23%
- % of Non-Competitive Applications Allotted
- 100.00%
- Bid-to-Cover Ratio
- 2.30
Upcoming Auctions
| Announcement | Auction | Issue | Maturity | Code | ISIN |
|---|---|---|---|---|---|
| 09 Jan 2025 | 16 Jan 2025 | 21 Jan 2025 | 22 Jul 2025 | BS25101F | SGXZ52757945 |
| 21 Jan 2025 | 28 Jan 2025 | 04 Feb 2025 | 05 Aug 2025 | BS25102Z | SGXZ33655317 |
| 06 Feb 2025 | 13 Feb 2025 | 18 Feb 2025 | 19 Aug 2025 | BS25103S | SGXZ89539258 |