6-Month T-bill BS23120A (12 Oct 2023) Cut-Off Yield 3.87%

T-bill splash image

12 Oct 2023

This issue offers investors a cut-off yield of 3.87% p.a., lower than that (4.07% p.a.) of the previous issue, BS23119H (28 Sep 2023).

The total value of applications in this auction was $14.7B, representing a bid-to-cover ratio of 2.73. This is higher than the $9.3B (bid-to-cover ratio 1.76) received in the previous issue.

Those who submitted non-competitive bids were allotted approximately 79.28% of the amount applied. On the other hand, those who submitted competitive bid at 3.87% get around 68.21% of the amount applied.

Auction Closed

Announcement Date
05 Oct 2023 Notify me
Auction Date
12 Oct 2023 Notify me
Issue Date
17 Oct 2023
Maturity Date
16 Apr 2024
Issue Code
BS23120A
ISIN Code
SGXZ17695602
Cut-Off Yield
3.87% p.a.
Cut-Off Price
98.070
Median Yield
3.66% p.a.
Median Price
98.175
Average Yield
3.37% p.a.
Average Price
98.320
Total Amount Offered
$5,400,000,000
Amount Allotted to Non-Competitive Applications
$2,160,000,000
Total Amount Applied
$14,725,306,000
% of Competitive Applications at Cut-off Allotted
68.21%
% of Non-Competitive Applications Allotted
79.28%
Bid-to-Cover Ratio
2.73

View Past Auctions

Upcoming Auctions

AnnouncementAuctionIssueMaturityCodeISIN
06 Feb 202513 Feb 202518 Feb 202519 Aug 2025BS25103SSGXZ89539258
20 Feb 202527 Feb 202504 Mar 202502 Sep 2025BS25104HSGXZ84869254
06 Mar 202513 Mar 202518 Mar 202516 Sep 2025BS25105TSGXZ91426395
19 Mar 202526 Mar 202501 Apr 202530 Sep 2025BS25106XSGXZ85532927

Monitor Upcoming Auctions