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Singapore Savings Bonds (SBSEP22 GX22090Z) Over-Subscribed
29 Aug 2022
SBSEP22 attracted $1.9B in applications (within limits) for the $900.0M offered. This level of demand is lower than that of the previous issue (SBAUG22) at $2.4B.
The quantity ceiling is $13,000. If you applied for $13,000 or lower, you will get a full allotment. If you applied for more than $13,000, you will be allotted $13,000 or $13,500, subject to individual limit of $200,000.
SBSEP22 has a 10-year average return of 2.80% p.a. with interest rates from 2.63% (year 1) to 3.04% (year 10). If you invest $10,000 in this SSB, you will earn a total interest of $2,810.00 over a period of 10 years.
SBSEP22 (Announced)
- Opening Date
- 01 Aug 2022 Notify me
- Closing Date
- 26 Aug 2022 Remind me
- Allotment Date
- 29 Aug 2022 Notify me
- Issue Date
- 01 Sep 2022
| Year from issue date | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Interest % | 2.63 | 2.71 | 2.71 | 2.71 | 2.71 | 2.79 | 2.86 | 2.94 | 3.00 | 3.04 |
| Average return per year % | 2.63 | 2.67 | 2.68 | 2.69 | 2.69 | 2.71 | 2.73 | 2.75 | 2.78 | 2.80 |
Issue Details
- Issue Code
- GX22090Z
- Amount Offered
- $900,000,000
- Maturity Date
- 01 Sep 2032
- Interest Payment Dates
- Every 6 months on 01 Mar and 01 Sep
- Total Amount Applied
- $1,904,323,500
- Total Amount Applied Within Limits
- $1,887,368,500
- Total Amount Allotted
- $900,000,000
- Quantity Ceiling
- $13,000
- Percentage of Applicants Allotted an Additional $500
- 55%