6-Month T-bill BS24114V (18 Jul 2024) Cut-Off Yield 3.64%

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18 Jul 2024

This issue offers investors a cut-off yield of 3.64% p.a., lower than that (3.70% p.a.) of the previous issue, BS24113N (04 Jul 2024).

The total value of applications in this auction was $15.7B, representing a bid-to-cover ratio of 2.30. This is higher than the $15.6B (bid-to-cover ratio 2.40) received in the previous issue.

Those who submitted non-competitive bids were allotted approximately 82.06% of the amount applied. On the other hand, those who submitted competitive bid at 3.64% get around 83.33% of the amount applied.

Auction Closed

Announcement Date
11 Jul 2024 Notify me
Auction Date
18 Jul 2024 Notify me
Issue Date
23 Jul 2024
Maturity Date
21 Jan 2025
Issue Code
BS24114V
ISIN Code
SGXZ57225237
Cut-Off Yield
3.64% p.a.
Cut-Off Price
98.185
Median Yield
3.50% p.a.
Median Price
98.255
Average Yield
2.97% p.a.
Average Price
98.519
Total Amount Offered
$6,800,000,000
Amount Allotted to Non-Competitive Applications
$2,720,000,000
Total Amount Applied
$15,666,218,000
% of Competitive Applications at Cut-off Allotted
83.33%
% of Non-Competitive Applications Allotted
82.06%
Bid-to-Cover Ratio
2.30

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