6-Month T-bill BS24101Z (18 Jan 2024) Cut-Off Yield 3.70%

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18 Jan 2024

This issue offers investors a cut-off yield of 3.70% p.a., lower than that (3.74% p.a.) of the previous issue, BS24100F (04 Jan 2024).

The total value of applications in this auction was $13.6B, representing a bid-to-cover ratio of 2.12. This is higher than the $12.8B (bid-to-cover ratio 2.09) received in the previous issue.

Those who submitted non-competitive bids were allotted approximately 87.75% of the amount applied. On the other hand, those who submitted competitive bid at 3.70% get around 51.52% of the amount applied.

Auction Closed

Announcement Date
11 Jan 2024 Notify me
Auction Date
18 Jan 2024 Notify me
Issue Date
23 Jan 2024
Maturity Date
23 Jul 2024
Issue Code
BS24101Z
ISIN Code
SGXZ64133028
Cut-Off Yield
3.70% p.a.
Cut-Off Price
98.155
Median Yield
3.60% p.a.
Median Price
98.205
Average Yield
3.11% p.a.
Average Price
98.449
Total Amount Offered
$6,400,000,000
Amount Allotted to Non-Competitive Applications
$2,560,000,000
Total Amount Applied
$13,551,553,000
% of Competitive Applications at Cut-off Allotted
51.52%
% of Non-Competitive Applications Allotted
87.75%
Bid-to-Cover Ratio
2.12

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