6-Month T-bill BS24120V (10 Oct 2024) Cut-Off Yield 3.06%

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10 Oct 2024

This issue offers investors a cut-off yield of 3.06% p.a., higher than that (2.97% p.a.) of the previous issue, BS24119S (26 Sep 2024).

The total value of applications in this auction was $14.9B, representing a bid-to-cover ratio of 2.19. This is higher than the $13.9B (bid-to-cover ratio 2.05) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 3.06% get around 68.18% of the amount applied.

Auction Closed

Announcement Date
03 Oct 2024 Notify me
Auction Date
10 Oct 2024 Notify me
Issue Date
15 Oct 2024
Maturity Date
15 Apr 2025
Issue Code
BS24120V
ISIN Code
SGXZ87934956
Cut-Off Yield
3.06% p.a.
Cut-Off Price
98.474
Median Yield
2.90% p.a.
Median Price
98.554
Average Yield
2.76% p.a.
Average Price
98.624
Total Amount Offered
$6,800,000,000
Amount Allotted to Non-Competitive Applications
$1,383,065,000
Total Amount Applied
$14,884,047,000
% of Competitive Applications at Cut-off Allotted
68.18%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.19

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