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Singapore Savings Bonds (SBSEP18 GX18090T) Over-Subscribed
29 Aug 2018
SBSEP18 attracted $338.1M in applications (within limits) for the $300.0M offered. This level of demand is lower than that of the previous issue (SBAUG18) at $459.7M.
The quantity ceiling is $45,000. If you applied for $45,000 or lower, you will get a full allotment. If you applied for more than $45,000, you will be allotted $45,000 or $45,500, subject to individual limit of $100,000.
SBSEP18 has a 10-year average return of 2.44% p.a. with interest rates from 1.75% (year 1) to 2.97% (year 10). If you invest $10,000 in this SSB, you will earn a total interest of $2,467.03 over a period of 10 years.
SBSEP18 (Announced)
- Opening Date
- 01 Aug 2018 Notify me
- Closing Date
- 28 Aug 2018 Remind me
- Allotment Date
- 29 Aug 2018 Notify me
- Issue Date
- 03 Sep 2018
| Year from issue date | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Interest % | 1.75 | 2.02 | 2.22 | 2.39 | 2.52 | 2.60 | 2.66 | 2.73 | 2.82 | 2.97 |
| Average return per year % | 1.75 | 1.88 | 1.99 | 2.09 | 2.17 | 2.24 | 2.29 | 2.34 | 2.39 | 2.44 |
Issue Details
- Issue Code
- GX18090T
- Amount Offered
- $300,000,000
- Maturity Date
- 01 Sep 2028
- Interest Payment Dates
- Every 6 months on 01 Mar and 01 Sep
- Total Amount Applied
- $347,263,500
- Total Amount Applied Within Limits
- $338,122,000
- Total Amount Allotted
- $300,000,000
- Quantity Ceiling
- $45,000
- Percentage of Applicants Allotted an Additional $500
- 93%