SG Morning Highlights | Latest Singapore 6-Month Treasury Bill Offers 3.84% Cut-Off Yield

Advancers / Decliners is 67 to 59, with 134.40 million securities worth S$104.75 million changing hands.

Senior Minister Tharman Shanmugaratnam has announced that he will be running in Singapore's next presidential election.

"I wish to inform you that I have decided to put myself forward as a candidate in the forthcoming presidential election. I hence wish to retire from politics and all my positions in government," said Tharman, 66, who is also Coordinating Minister for Social Policies, in a letter to Prime Minister Lee Hsien Loong on Thursday (Jun 8).

Tharman will resign from the ruling People's Action Party and step down from his Cabinet positions on Jul 7 to fulfil his official commitments in Singapore and internationally.

Singapore's latest six-month Treasury bill (T-bill) has closed its auction with a cut-off yield of 3.84 per cent on Thursday (Jun 8).

In comparison, the previous auction for the six-month tenor of the government-backed fixed income product offered a cut-off yield of 3.85 per cent.

The latest auction received total applications of S$11.5 billion for the S$5.2 billion on offer, giving it a bid-to-cover ratio of 2.2.

Lim's firm beat out the other interested candidates to remain in the bidding, the people said, asking not to be identified as the process is private. Thomson Medical is working with a financial adviser on the potential acquisition, the people added.

Quadria Capital, a health care-focused private equity firm, was exploring a sale of its stake in FV Hospital, which could fetch around US$300 million to US$400 million in a deal, Bloomberg News reported in 2022. Other owners of FV Hospital, including its co-founder and chief executive officer Jean-Marcel Guillon may tag along and sell part or all of their stakes, people familiar with the matter said at the time.

On June 8, the company said that all 20 million of its placement shares were validly subscribed for at 25 cents apiece on June 7. The monies received from the shares amounted to $5.0 million.

Draagonfly LLP is the biggest subscriber with 5.2 million placement shares. Chng Nai Wee was next, after having subscribed for 4.0 million placement shares in the company. Tay Eng Hseon subscribed to 3.76 million shares while Ang Meng Hai Markus David subscribed to 1.2 million shares.