Despite increasing the maximum tranche to $600 million from $350 million the month before, the Singapore Savings Bond (SSB) for July 2022 (GX22070T) is oversubscribed. Of the $600 million, more than $1.3 billion was subscribed.
Maximum of $18,500 allotted per person
If you subscribed to $18,000 or less, you will get the amount you subscribed for.
Applications above this figure will get $18,000, and approximately 16.79% of such applications would get $18,500.
The rest of your funds will be refunded to you....
