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 applied | S$2.4 billion |
| Total amount within individual allotment limits | S$2.4 billion |
| Total amount alloted | S$700.0 million |
| Quantity ceiling | This 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. |