Singapore Savings Bonds (SBSEP16 GX16090W) Under-Subscribed

SSB splash

29 Aug 2016

SBSEP16 attracted $16.8M in applications (within limits) for the $300.0M offered. This level of demand is lower than that of the previous issue (SBAUG16) at $28.0M.

There is no quantity ceiling for this issue. You will be allotted the full amount you applied for, subject to issue limit of $50,000 and individual limit of $100,000.

SBSEP16 has a 10-year average return of 1.75% p.a. with interest rates from 0.87% (year 1) to 2.47% (year 10). If you invest $10,000 in this SSB, you will earn a total interest of $1,779.00 over a period of 10 years.

SBSEP16 (Announced)

Opening Date
01 Aug 2016 Notify me
Closing Date
26 Aug 2016 Remind me
Allotment Date
29 Aug 2016 Notify me
Issue Date
01 Sep 2016
Year from issue date12345678910
Interest %0.871.021.351.721.931.982.052.142.262.47
Average return per year %0.870.941.081.241.371.471.551.621.681.75

Issue Details

Issue Code
GX16090W
Amount Offered
$300,000,000
Maturity Date
01 Sep 2026
Interest Payment Dates
Every 6 months on 01 Mar and 01 Sep
Total Amount Applied
$17,282,500
Total Amount Applied Within Limits
$16,808,500
Total Amount Allotted
$16,808,500
Quantity Ceiling
$50,000
Percentage of Applicants Allotted an Additional $500
0%