6-Month T-bill BS24115A (01 Aug 2024) Cut-Off Yield 3.40%

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01 Aug 2024

This issue offers investors a cut-off yield of 3.40% p.a., lower than that (3.64% p.a.) of the previous issue, BS24114V (18 Jul 2024).

The total value of applications in this auction was $18.0B, representing a bid-to-cover ratio of 2.65. This is higher than the $15.7B (bid-to-cover ratio 2.30) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 3.40% get around 43.96% of the amount applied.

Auction Closed

Announcement Date
25 Jul 2024 Notify me
Auction Date
01 Aug 2024 Notify me
Issue Date
06 Aug 2024
Maturity Date
04 Feb 2025
Issue Code
BS24115A
ISIN Code
SGXZ93535995
Cut-Off Yield
3.40% p.a.
Cut-Off Price
98.305
Median Yield
3.30% p.a.
Median Price
98.355
Average Yield
2.85% p.a.
Average Price
98.579
Total Amount Offered
$6,800,000,000
Amount Allotted to Non-Competitive Applications
$2,637,059,000
Total Amount Applied
$17,995,346,000
% of Competitive Applications at Cut-off Allotted
43.96%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.65

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