Seems the prediction is shaping up really well. 

After Astrea IV 10 year 4.35% and Temasek 5 year 2.70% bonds, SIA followed their cue to release a retail tranche for their just announced bond issue. 

SIA will be releasing $500 mil worth of bonds, with the public being allocated $300 mil out of this and the rest going to institutional investors. Should the bond be oversubscribed, they will expand it up to $750 mil.

The minimum denomination is $1,000 which makes it affordable for most people. And you can apply it at your ATM or through internet banking like an initial public offering (IPO)

A low denomination will also allow you the retail investor to diversify their bond allocation. 

The bond pays a coupon of 3.03% semi annually.  At the end of 5 years, you get back your principal. 

If SIA cannot pay the coupon, or the principal, they