6-Month T-bill BS23114A (20 Jul 2023) Cut-Off Yield 3.85%

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20 Jul 2023

This issue offers investors a cut-off yield of 3.85% p.a., lower than that (3.99% p.a.) of the previous issue, BS23113V (06 Jul 2023).

The total value of applications in this auction was $12.2B, representing a bid-to-cover ratio of 2.18. This is higher than the $10.3B (bid-to-cover ratio 1.91) 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 26.01% of the amount applied.

Auction Closed

Announcement Date
13 Jul 2023 Notify me
Auction Date
20 Jul 2023 Notify me
Issue Date
25 Jul 2023
Maturity Date
23 Jan 2024
Issue Code
BS23114A
ISIN Code
SGXZ42332148
Cut-Off Yield
3.85% p.a.
Cut-Off Price
98.080
Median Yield
3.65% p.a.
Median Price
98.180
Average Yield
2.88% p.a.
Average Price
98.564
Total Amount Offered
$5,600,000,000
Amount Allotted to Non-Competitive Applications
$2,230,384,000
Total Amount Applied
$12,220,205,000
% of Competitive Applications at Cut-off Allotted
26.01%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.18

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