The Monetary Authority of Singapore recently set the auction of a new six-month T-bill (BS23118S) with a cut-off yield of 3.73%, and a maturity date of 19 March 2024, offering a substantial allotment of $5.5 billion. It was auctioned on 14 September 2023.
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The total amount applied for this T-bill reached S$11.2 billion, with S$1.6 billion being allocated to non-competitive applications.
“Individual investors can submit bids for SGS through selected banks’ ATMs and internet banking portals. Applications through these channels may close 1 to 2 business days before the auction. Individual investors should check with their banks on the exact cut-off time,” MAS said.
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