I checked my CDP account this morning and found that my excess rights application for IREIT Global was fully filled. A pleasant surprise! So, no refund. That meant no fresh funds for my T-bill application. Simply recycling money from matured T-bill into the new one. My enlarged investment in IREIT Global should continue to generate meaningful income for me. If you are interested in finding out why I emptied my war chest to back IREIT Global's recent rights issue, read the following blog. Ignoring one and buying another. If you are interested in other readers' experience with the rights issue, read the comments sections of the following blogs too. IREIT and plan for refund. IREIT's rights issue 134.7% subscribed. As for the latest 6 months T-bill auction results, not too bad. The cut-off yield is 3.85% per annum. Still don't understand why some people are bidding below 2% per annum which we can gather from an average yield of 2.88% per annum in the auction results....