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Singapore Savings Bonds (SBAPR18 GX18040W) Over-Subscribed
27 Mar 2018
SBAPR18 attracted $258.4M in applications (within limits) for the $150.0M offered. This level of demand is higher than that of the previous issue (SBMAR18) at $139.2M.
The quantity ceiling is $23,000. If you applied for $23,000 or lower, you will get a full allotment. If you applied for more than $23,000, you will be allotted $23,000 or $23,500, subject to individual limit of $100,000.
SBAPR18 has a 10-year average return of 2.31% p.a. with interest rates from 1.42% (year 1) to 2.97% (year 10). If you invest $10,000 in this SSB, you will earn a total interest of $2,339.61 over a period of 10 years.
SBAPR18 (Announced)
- Opening Date
- 01 Mar 2018 Notify me
- Closing Date
- 26 Mar 2018 Remind me
- Allotment Date
- 27 Mar 2018 Notify me
- Issue Date
- 02 Apr 2018
| Year from issue date | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Interest % | 1.42 | 1.77 | 2.02 | 2.25 | 2.41 | 2.51 | 2.59 | 2.67 | 2.79 | 2.97 |
| Average return per year % | 1.42 | 1.59 | 1.73 | 1.86 | 1.96 | 2.05 | 2.12 | 2.19 | 2.25 | 2.31 |
Issue Details
- Issue Code
- GX18040W
- Amount Offered
- $150,000,000
- Maturity Date
- 01 Apr 2028
- Interest Payment Dates
- Every 6 months on 01 Apr and 01 Oct
- Total Amount Applied
- $261,102,000
- Total Amount Applied Within Limits
- $258,392,500
- Total Amount Allotted
- $150,000,000
- Quantity Ceiling
- $23,000
- Percentage of Applicants Allotted an Additional $500
- 47%