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Singapore Savings Bonds (SBJUL18 GX18070N) Over-Subscribed
27 Jun 2018
SBJUL18 attracted $558.8M in applications (within limits) for the $250.0M offered. This level of demand is higher than that of the previous issue (SBJUN18) at $510.6M.
The quantity ceiling is $12,500. If you applied for $12,500 or lower, you will get a full allotment. If you applied for more than $12,500, you will be allotted $12,500 or $13,000, subject to individual limit of $100,000.
SBJUL18 has a 10-year average return of 2.63% p.a. with interest rates from 1.72% (year 1) to 3.41% (year 10). If you invest $10,000 in this SSB, you will earn a total interest of $2,660.53 over a period of 10 years.
SBJUL18 (Announced)
- Opening Date
- 01 Jun 2018 Notify me
- Closing Date
- 26 Jun 2018 Remind me
- Allotment Date
- 27 Jun 2018 Notify me
- Issue Date
- 02 Jul 2018
| Year from issue date | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Interest % | 1.72 | 2.19 | 2.35 | 2.42 | 2.56 | 2.77 | 2.91 | 3.06 | 3.22 | 3.41 |
| Average return per year % | 1.72 | 1.95 | 2.08 | 2.16 | 2.24 | 2.32 | 2.40 | 2.48 | 2.55 | 2.63 |
Issue Details
- Issue Code
- GX18070N
- Amount Offered
- $250,000,000
- Maturity Date
- 01 Jul 2028
- Interest Payment Dates
- Every 6 months on 01 Jan and 01 Jul
- Total Amount Applied
- $567,977,500
- Total Amount Applied Within Limits
- $558,807,500
- Total Amount Allotted
- $250,000,000
- Quantity Ceiling
- $12,500
- Percentage of Applicants Allotted an Additional $500
- 17%