6-Month T-bill BS24105X (14 Mar 2024) Cut-Off Yield 3.78%

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14 Mar 2024

This issue offers investors a cut-off yield of 3.78% p.a., lower than that (3.80% p.a.) of the previous issue, BS24104T (29 Feb 2024).

The total value of applications in this auction was $14.4B, representing a bid-to-cover ratio of 2.29. This is higher than the $12.4B (bid-to-cover ratio 1.94) received in the previous issue.

Those who submitted non-competitive bids were allotted approximately 96.81% of the amount applied. On the other hand, those who submitted competitive bid at 3.78% get around 39.33% of the amount applied.

Auction Closed

Announcement Date
07 Mar 2024 Notify me
Auction Date
14 Mar 2024 Notify me
Issue Date
19 Mar 2024
Maturity Date
17 Sep 2024
Issue Code
BS24105X
ISIN Code
SGXZ47704846
Cut-Off Yield
3.78% p.a.
Cut-Off Price
98.115
Median Yield
3.60% p.a.
Median Price
98.205
Average Yield
3.30% p.a.
Average Price
98.355
Total Amount Offered
$6,300,000,000
Amount Allotted to Non-Competitive Applications
$2,520,000,000
Total Amount Applied
$14,440,944,000
% of Competitive Applications at Cut-off Allotted
39.33%
% of Non-Competitive Applications Allotted
96.81%
Bid-to-Cover Ratio
2.29

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