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6-Month T-bill BS23122F (08 Nov 2023) Cut-Off Yield 3.75%
08 Nov 2023
This issue offers investors a cut-off yield of 3.75% p.a., lower than that (3.95% p.a.) of the previous issue, BS23121E (26 Oct 2023).
The total value of applications in this auction was $13.2B, representing a bid-to-cover ratio of 2.31. This is higher than the $11.5B (bid-to-cover ratio 2.02) received in the previous issue.
Those who submitted non-competitive bids were allotted approximately 95.88% of the amount applied. On the other hand, those who submitted competitive bid at 3.75% get around 98.89% of the amount applied.
Auction Closed
- Announcement Date
- 01 Nov 2023 Notify me
- Auction Date
- 08 Nov 2023 Notify me
- Issue Date
- 14 Nov 2023
- Maturity Date
- 14 May 2024
- Issue Code
- BS23122F
- ISIN Code
- SGXZ66087859
- Cut-Off Yield
- 3.75% p.a.
- Cut-Off Price
- 98.130
- Median Yield
- 3.65% p.a.
- Median Price
- 98.180
- Average Yield
- 2.71% p.a.
- Average Price
- 98.649
- Total Amount Offered
- $5,700,000,000
- Amount Allotted to Non-Competitive Applications
- $2,280,000,000
- Total Amount Applied
- $13,162,251,000
- % of Competitive Applications at Cut-off Allotted
- 98.89%
- % of Non-Competitive Applications Allotted
- 95.88%
- Bid-to-Cover Ratio
- 2.31
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 |