SBAUG22 GX22080V Results

Singapore Savings Bonds SBAUG22 GX22080V

SBAUG22 GX22080V Results were announced today. As shared in my earlier post this month, the effective interest rate for August 2022 Singapore Savings Bonds (SBAUG22 GX22080V) is 3% if you held it for 10 years.

If you decide to hold and sell the current issue (SBAUG22 GX22080V) after 1 year, the effective interest rate is 2%. Because the effective interest rate was at record 12 months high, I applied for August 2022 Singapore Savings Bonds.

However, my application was only partially successful. This is the first time I applied for Singapore Savings Bond and was only partially allocated.

Applicants who applied for S$9,500 or higher were allotted either S$9,000 or S$9,500.

Below are the details.

Total amount appliedS$2.4 billion
Total amount within individual allotment limitsS$2.4 billion
Total amount allotedS$700.0 million
Quantity ceilingThis Savings Bond was allotted using the Quantity Ceiling format. Applicants who applied for S$9,000 or lower were fully allotted, subject to the individual allotment limits.
Applicants who applied for S$9,500 or higher were allotted either S$9,000 or S$9,500.
Approximately 8.15% of these applicants were selected at random and allotted the additional S$500.

 

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