6-Month T-bill BS24118Z (12 Sep 2024) Cut-Off Yield 3.10%

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12 Sep 2024

This issue offers investors a cut-off yield of 3.10% p.a., lower than that (3.13% p.a.) of the previous issue, BS24117F (29 Aug 2024).

The total value of applications in this auction was $13.4B, representing a bid-to-cover ratio of 1.95. This is lower than the $16.0B (bid-to-cover ratio 2.35) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 3.10% get around 61.65% of the amount applied.

Auction Closed

Announcement Date
05 Sep 2024 Notify me
Auction Date
12 Sep 2024 Notify me
Issue Date
17 Sep 2024
Maturity Date
18 Mar 2025
Issue Code
BS24118Z
ISIN Code
SGXZ71864045
Cut-Off Yield
3.10% p.a.
Cut-Off Price
98.454
Median Yield
3.01% p.a.
Median Price
98.499
Average Yield
2.90% p.a.
Average Price
98.554
Total Amount Offered
$6,900,000,000
Amount Allotted to Non-Competitive Applications
$1,711,475,000
Total Amount Applied
$13,422,097,000
% of Competitive Applications at Cut-off Allotted
61.65%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
1.95

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