Singapore Savings Bonds (SBOCT24 GX24100H) Average Return Falls To 2.77%
02 Sep 2024
SBOCT24 has a 10-year average return of 2.77% p.a. with interest rates from 2.59% (year 1) to 2.97% (year 10). If you invest $10,000 in this SSB, you will earn a total interest of $2,781.00 over a period of 10 years.
The amount offered decreases by $100.0M to $800.0M. This is against the backdrop of the previous SSB (SBSEP24) being under-subscribed.
Application closes on 25 Sep 2024.
SBOCT24 (Announced)
- Opening Date
- 02 Sep 2024 Notify me
- Closing Date
- 25 Sep 2024 Remind me
- Allotment Date
- 26 Sep 2024 Notify me
- Issue Date
- 01 Oct 2024
| Year from issue date | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Interest % | 2.59 | 2.59 | 2.59 | 2.77 | 2.82 | 2.82 | 2.82 | 2.89 | 2.95 | 2.97 |
| Average return per year % | 2.59 | 2.59 | 2.59 | 2.63 | 2.67 | 2.69 | 2.71 | 2.73 | 2.75 | 2.77 |
Do you have an existing SSB? Is it profitable to swap your existing SSB with SBOCT24?
Check the health of your SSB portfolio with SSB Portfolio Analyzer.
Issue Details
- Issue Code
- GX24100H
- Amount Offered
- $800,000,000
- Maturity Date
- 01 Oct 2034
- Interest Payment Dates
- Every 6 months on 01 Apr and 01 Oct
- Allotment Result
- To be announced on Allotment Date (26 Sep 2024)
The next SSB (SBNOV24) is projected to have a lower 10-year average return. View Projection