6-Month T-bill BS24113N (04 Jul 2024) Cut-Off Yield 3.70%

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04 Jul 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, BS24112W (20 Jun 2024).

The total value of applications in this auction was $15.6B, representing a bid-to-cover ratio of 2.40. This is higher than the $15.5B (bid-to-cover ratio 2.34) received in the previous issue.

Those who submitted non-competitive bids were allotted approximately 70.80% of the amount applied. On the other hand, those who submitted competitive bid at 3.70% get around 25.49% of the amount applied.

Auction Closed

Announcement Date
27 Jun 2024 Notify me
Auction Date
04 Jul 2024 Notify me
Issue Date
09 Jul 2024
Maturity Date
07 Jan 2025
Issue Code
BS24113N
ISIN Code
SGXZ29447257
Cut-Off Yield
3.70% p.a.
Cut-Off Price
98.155
Median Yield
3.40% p.a.
Median Price
98.305
Average Yield
2.81% p.a.
Average Price
98.599
Total Amount Offered
$6,500,000,000
Amount Allotted to Non-Competitive Applications
$2,600,000,000
Total Amount Applied
$15,582,933,000
% of Competitive Applications at Cut-off Allotted
25.49%
% of Non-Competitive Applications Allotted
70.80%
Bid-to-Cover Ratio
2.40

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