Note Offering Announcement
Term and Type of Security
Offering Amount
Auction Date
Issue Date
Maturity Date
Series
Yield[1]
Interest Rate[2]
Interest Payment Date
Premium or Discount[3]
Maximum Award[4]
Minimum Bid Amount and Multiples[5]
Competitive Bid Increments[6]
Bid Acceptance Begins
Closing Time
Reserve Amount Offered[7]
Maximum Spread to US Treasury Bill[8]
[1] The yield is the interest rate that you are bidding to receive for the amount of money you are bidding.
[2] The interest rate will be determined as the closest 1/8% to the winning yield bid.
[3] If the yield and the interest rate are not the same, the amount owed to the Ministry of Finance could be different than the stated amount. See the auction instructions for additional information.
[4] No more than the state maximum award will be issued to any one bidder.
[5] Bids must be in this increment of stated amount.
[6] The yield bid must be in these increments.
[7] The minimum amount of total bids received for the auction to be in effect.
[8] The maximum spread to the US Treasury Bill that will be accepted.
10-Year Note
500,000 USD
March 24, 2025
March 30, 2025
March 30, 2035
BSK-2025-A
Determined at Auction
Determined at Auction
March 30 and September 30
Determined at Auction
200,000 USD
50 USD
.005%
March 17, 2025
1:00pm EDT
25,000 USD
250bps
