Singapore Savings Bonds (SBMAY18 GX18050E) Over-Subscribed

SSB splash

26 Apr 2018

SBMAY18 attracted $515.4M in applications (within limits) for the $200.0M offered. This level of demand is higher than that of the previous issue (SBAPR18) at $258.4M.

The quantity ceiling is $13,000. If you applied for $13,000 or lower, you will get a full allotment. If you applied for more than $13,000, you will be allotted $13,000 or $13,500, subject to individual limit of $100,000.

SBMAY18 has a 10-year average return of 2.39% p.a. with interest rates from 1.65% (year 1) to 3.00% (year 10). If you invest $10,000 in this SSB, you will earn a total interest of $2,415.55 over a period of 10 years.

SBMAY18 (Announced)

Opening Date
02 Apr 2018 Notify me
Closing Date
25 Apr 2018 Remind me
Allotment Date
26 Apr 2018 Notify me
Issue Date
02 May 2018
Year from issue date12345678910
Interest %1.651.952.142.282.422.542.622.722.843.00
Average return per year %1.651.801.912.002.082.152.212.272.332.39

Issue Details

Issue Code
GX18050E
Amount Offered
$200,000,000
Maturity Date
01 May 2028
Interest Payment Dates
Every 6 months on 01 May and 01 Nov
Total Amount Applied
$521,758,000
Total Amount Applied Within Limits
$515,384,000
Total Amount Allotted
$200,000,000
Quantity Ceiling
$13,000
Percentage of Applicants Allotted an Additional $500
71%