Singapore Saving Bond

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bonds

Issuance details

Bond ID GX16050Z
Amount available $300 million
Issue date 3 May 2016
Maturity date(1) 1 May 2026
Interest payment dates(1) The 1st interest payment will be made on 1 Nov 2016, and subsequently every six months on 1 May and 1 Nov every year.
Investment amounts You can invest a minimum of $500, and in multiples of $500 up to $50,000 for this issue. The total amount of Savings Bonds held across all issues cannot be more than $100,000.
Application period Opens: 6.00pm, 1 Apr 2016
Closes: 9.00pm, 26 Apr 2016
Results: After 3.00pm, 27 Apr 2016
Keep track of the important dates with our SSB calendar.
Apply through DBS/POSB, OCBC and UOB ATMs and DBS/POSB Internet Banking, from 7.00am – 9.00pm, Mon – Sat, excluding Public Holidays. On 1 Apr 2016, these channels will be open from 6.00pm to 9.00pm. CPF and SRS funds are not eligible.

 

This bond will be reflected as “SBMAY16 GX16050Z” in your CDP statement and “CDP-SBMAY16” in your bank statement.

Interest rates

Year from issue date 1 2 3 4 5 6 7 8 9 10
Interest, % 0.97 0.97 1.59 2.42 2.52 2.52 2.52 2.52 2.52 2.69
Average return per year, %* 0.97 0.97 1.17 1.48 1.68 1.81 1.91 1.98 2.03 2.09

* At the end of each year, on a compounded basis

Calculate the interest you will earn based on your desired investment amount using the Interest Calculator.

(1)If this day is not a business day, payment will be made on the next business day.

Good to read up Reasons for investing in bonds too.