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Singapore Savings Bonds (SBDEC23 GX23120Z) Over-Subscribed
28 Nov 2023
SBDEC23 attracted $1.8B in applications (within limits) for the $1000.0M offered. This level of demand is higher than that of the previous issue (SBNOV23) at $1.2B.
The quantity ceiling is $20,000. If you applied for $20,000 or lower, you will get a full allotment. If you applied for more than $20,000, you will be allotted $20,000 or $20,500, subject to individual limit of $200,000.
SBDEC23 has a 10-year average return of 3.40% p.a. with interest rates from 3.30% (year 1) to 3.68% (year 10). If you invest $10,000 in this SSB, you will earn a total interest of $3,410.00 over a period of 10 years.
SBDEC23 (Announced)
- Opening Date
- 01 Nov 2023 Notify me
- Closing Date
- 27 Nov 2023 Remind me
- Allotment Date
- 28 Nov 2023 Notify me
- Issue Date
- 01 Dec 2023
| Year from issue date | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Interest % | 3.30 | 3.30 | 3.30 | 3.30 | 3.30 | 3.30 | 3.36 | 3.58 | 3.68 | 3.68 |
| Average return per year % | 3.30 | 3.30 | 3.30 | 3.30 | 3.30 | 3.30 | 3.31 | 3.34 | 3.37 | 3.40 |
Issue Details
- Issue Code
- GX23120Z
- Amount Offered
- $1,000,000,000
- Maturity Date
- 01 Dec 2033
- Interest Payment Dates
- Every 6 months on 01 Jun and 01 Dec
- Total Amount Applied
- $1,864,965,000
- Total Amount Applied Within Limits
- $1,839,914,000
- Total Amount Allotted
- $1,000,000,000
- Quantity Ceiling
- $20,000
- Percentage of Applicants Allotted an Additional $500
- 28%