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Singapore Savings Bonds (SBDEC23) Over-Subscribed
28 Nov 2023
SBDEC23 attracted $1.8B in applications (within limits) for the $1000.0M offered. This level of demand is higher than that of the previous issue (SBNOV23) at $1.2B.
The quantity ceiling is $20,000. If you applied for $20,000 or lower, you will get a full allotment. If you applied for more than $20,000, you will be allotted $20,000 or $20,500, subject to individual limit of $200,000.
SBDEC23 has a 10-year average return of 3.40% p.a. with interest rates from 3.30% (year 1) to 3.68% (year 10). If you invest $10,000 in this SSB, you will earn a total interest of $3,410.00 over a period of 10 years.
|Year from issue date||1||2||3||4||5||6||7||8||9||10|
|Average return per year %||3.30||3.30||3.30||3.30||3.30||3.30||3.31||3.34||3.37||3.40|