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Singapore Savings Bonds (SBSEP16 GX16090W) Under-Subscribed
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 date | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Interest % | 0.87 | 1.02 | 1.35 | 1.72 | 1.93 | 1.98 | 2.05 | 2.14 | 2.26 | 2.47 |
| Average return per year % | 0.87 | 0.94 | 1.08 | 1.24 | 1.37 | 1.47 | 1.55 | 1.62 | 1.68 | 1.75 |
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%