6-Month T-bill BS23118S (14 Sep 2023) Cut-Off Yield 3.73%

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14 Sep 2023

This issue offers investors a cut-off yield of 3.73% p.a., higher than that (3.70% p.a.) of the previous issue, BS23117Z (31 Aug 2023).

The total value of applications in this auction was $11.2B, representing a bid-to-cover ratio of 2.03. This is lower than the $11.2B (bid-to-cover ratio 2.04) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 3.73% get around 55.53% of the amount applied.

Auction Closed

Announcement Date
07 Sep 2023 Notify me
Auction Date
14 Sep 2023 Notify me
Issue Date
19 Sep 2023
Maturity Date
19 Mar 2024
Issue Code
BS23118S
ISIN Code
SGXZ22996011
Cut-Off Yield
3.73% p.a.
Cut-Off Price
98.140
Median Yield
3.58% p.a.
Median Price
98.215
Average Yield
3.05% p.a.
Average Price
98.479
Total Amount Offered
$5,500,000,000
Amount Allotted to Non-Competitive Applications
$1,611,314,000
Total Amount Applied
$11,168,171,000
% of Competitive Applications at Cut-off Allotted
55.53%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.03

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