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Singapore Savings Bonds (SBAPR23 GX23040S) Over-Subscribed
29 Mar 2023
SBAPR23 attracted $751.3M in applications (within limits) for the $700.0M offered. This level of demand is higher than that of the previous issue (SBMAR23) at $258.3M.
The quantity ceiling is $68,500. If you applied for $68,500 or lower, you will get a full allotment. If you applied for more than $68,500, you will be allotted $68,500 or $69,000, subject to individual limit of $200,000.
SBAPR23 has a 10-year average return of 3.15% p.a. with interest rates from 3.01% (year 1) to 3.53% (year 10). If you invest $10,000 in this SSB, you will earn a total interest of $3,165.36 over a period of 10 years.
SBAPR23 (Announced)
- Opening Date
- 01 Mar 2023 Notify me
- Closing Date
- 28 Mar 2023 Remind me
- Allotment Date
- 29 Mar 2023 Notify me
- Issue Date
- 03 Apr 2023
| Year from issue date | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Interest % | 3.01 | 3.01 | 3.01 | 3.01 | 3.01 | 3.01 | 3.18 | 3.38 | 3.52 | 3.53 |
| Average return per year % | 3.01 | 3.01 | 3.01 | 3.01 | 3.01 | 3.01 | 3.03 | 3.07 | 3.12 | 3.15 |
Issue Details
- Issue Code
- GX23040S
- Amount Offered
- $700,000,000
- Maturity Date
- 01 Apr 2033
- Interest Payment Dates
- Every 6 months on 01 Apr and 01 Oct
- Total Amount Applied
- $758,122,500
- Total Amount Applied Within Limits
- $751,347,500
- Total Amount Allotted
- $700,000,000
- Quantity Ceiling
- $68,500
- Percentage of Applicants Allotted an Additional $500
- 83%