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<h2 align="center"><font face="Times New Roman" color="#505050" size="4">THE MONETARY AUTHORITY OF SINGAPORE</font></h2><center><table width="525"><tbody><tr><td width="100"></td><td width="300"></td><td width="125"><font face="Times New Roman" color="#505050" size="3">12 Mar 07</font></td></tr></tbody></table><br/><font face="Times New Roman" color="#505050" size="3"><b>Results of auction of taxable book-entry Singapore Government Treasury Bills to be issued on 15 March 2007</b></font>
<br/><p><table cellspacing="5" cellpadding="2" width="525" border="0"><tbody><tr><td width="250"><font face="Times New Roman" color="#505050" size="3">Tenor</font></td><td width="275"><font face="Times New Roman" color="#505050" size="3">91 Days</font></td></tr><tr><td><font face="Times New Roman" color="#505050" size="3">Total Amount Allotted</font></td><td><font face="Times New Roman" color="#505050" size="3">SGD 1,800,000,000</font></td></tr><tr><td><font face="Times New Roman" color="#505050" size="3">Amount Allotted to Non-Competitive Applications</font></td><td><font face="Times New Roman" color="#505050" size="3">SGD 96,200,000</font></td></tr><tr><td><font face="Times New Roman" color="#505050" size="3">Of which allotted to MAS</font></td><td><font face="Times New Roman" color="#505050" size="3">Nil</font></td></tr><tr><td><font face="Times New Roman" color="#505050" size="3">Total Amount Applied</font></td><td><font face="Times New Roman" color="#505050" size="3">SGD 3,465,340,000</font></td></tr><tr><td><font face="Times New Roman" color="#505050" size="3">Average Yield & Price</font></td><td><font face="Times New Roman" color="#505050" size="3">2.36% p.a. and 99.412%</font></td></tr><tr><td><font face="Times New Roman" color="#505050" size="3">Cut-off Yield and Price</font></td><td><font face="Times New Roman" color="#505050" size="3">2.50% p.a. and 99.377%</font></td></tr><tr><td><font face="Times New Roman" color="#505050" size="3">% of Competitive Applications at Cut-off Allotted</font></td><td><font face="Times New Roman" color="#505050" size="3">Approximately 20%</font></td></tr><tr><td><font face="Times New Roman" color="#505050" size="3">% of Non-Competitive Applications Allotted</font></td><td><font face="Times New Roman" color="#505050" size="3">100%</font></td></tr><tr><td><font face="Times New Roman" color="#505050" size="3">Issue Code</font></td><td><font face="Times New Roman" color="#505050" size="3">BQ07110H</font>
<font face="Times New Roman" color="#505050" size="3"></font></td></tr><tr><td><font face="Times New Roman" color="#505050" size="3">ISIN Code</font></td><td><font face="Times New Roman" color="#505050" size="3">SG7K</font></td></tr><tr><td><font face="Times New Roman" color="#505050" size="3">Maturity Date</font></td><td><font face="Times New Roman" color="#505050" size="3">14 June 2007</font></td></tr></tbody></table></p></center> |
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