Singapore Savings Bonds (SBNOV24 GX24110N) Average Return Falls To 2.56%
01 Oct 2024
SBNOV24 has a 10-year average return of 2.56% p.a. with interest rates from 2.25% (year 1) to 2.87% (year 10). If you invest $10,000 in this SSB, you will earn a total interest of $2,577.00 over a period of 10 years.
The amount offered decreases by $200.0M to $600.0M. This is against the backdrop of the previous SSB (SBOCT24) being under-subscribed.
Application closes on 25 Oct 2024.
SBNOV24 (Announced)
- Opening Date
- 01 Oct 2024 Notify me
- Closing Date
- 25 Oct 2024 Remind me
- Allotment Date
- 28 Oct 2024 Notify me
- Issue Date
- 01 Nov 2024
| Year from issue date | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Interest % | 2.25 | 2.25 | 2.25 | 2.58 | 2.67 | 2.67 | 2.67 | 2.74 | 2.82 | 2.87 |
| Average return per year % | 2.25 | 2.25 | 2.25 | 2.33 | 2.39 | 2.44 | 2.47 | 2.50 | 2.53 | 2.56 |
Do you have an existing SSB? Is it profitable to swap your existing SSB with SBNOV24?
Check the health of your SSB portfolio with SSB Portfolio Analyzer.
Issue Details
- Issue Code
- GX24110N
- Amount Offered
- $600,000,000
- Maturity Date
- 01 Nov 2034
- Interest Payment Dates
- Every 6 months on 01 May and 01 Nov
- Allotment Result
- To be announced on Allotment Date (28 Oct 2024)
The next SSB (SBDEC24) is projected to have a higher 10-year average return. View Projection