Singapore Savings Bonds (SBMAY24 GX24050X) Under-Subscribed
26 Apr 2024
SBMAY24 attracted $289.6M in applications (within limits) for the $900.0M offered. This level of demand is lower than that of the previous issue (SBAPR24) at $292.1M.
There is no quantity ceiling for this issue. You will be allotted the full amount you applied for, subject to individual limit of $200,000.
SBMAY24 has a 10-year average return of 3.06% p.a. with interest rates from 2.99% (year 1) to 3.27% (year 10). If you invest $10,000 in this SSB, you will earn a total interest of $3,070.19 over a period of 10 years.
SBMAY24 (Announced)
- Opening Date
- 01 Apr 2024 Notify me
- Closing Date
- 25 Apr 2024 Remind me
- Allotment Date
- 26 Apr 2024 Notify me
- Issue Date
- 02 May 2024
| Year from issue date | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Interest % | 2.99 | 2.99 | 2.99 | 2.99 | 2.99 | 2.99 | 3.03 | 3.20 | 3.27 | 3.27 |
| Average return per year % | 2.99 | 2.99 | 2.99 | 2.99 | 2.99 | 2.99 | 3.00 | 3.02 | 3.04 | 3.06 |
Do you have an existing SSB? Is it profitable to swap your existing SSB with SBMAY24?
Check the health of your SSB portfolio with SSB Portfolio Analyzer.
Issue Details
- Issue Code
- GX24050X
- Amount Offered
- $900,000,000
- Maturity Date
- 01 May 2034
- Interest Payment Dates
- Every 6 months on 01 May and 01 Nov
- Total Amount Applied
- $301,017,500
- Total Amount Applied Within Limits
- $289,623,000
- Total Amount Allotted
- $289,623,000
- Quantity Ceiling
- $200,000
- Percentage of Applicants Allotted an Additional $500
- 0%
The next SSB (SBJUN24) is projected to have a higher 10-year average return. View Projection