- August 2022 SSBs offer a record 3% in average 10-year return, with a $700 million issuance
- July’s round drew $1.3 billion in applications for the $600 million issuance
- Investors looking to generate income from investments with a similar redemption flexibility can look beyond SSBs
Singapore Savings Bonds: record rates
The Monetary Authority of Singapore (MAS) has launched the latest August 2022 tranche of Singapore Savings Bonds (SSBs), offering a 10-year average return of 3% per year. The August 2022 SSB will pay out a coupon rate of 2% in year 1 alone.
As it is, demand for the July 2022 tranche of the SSBs spiked to a fresh high, as its attractive 10-year average return of 2.71% per year caught the eye of individual investors. Applications for the July 2022 bond surged above $1.32 billion — an all-time record since the first SSBs were launched in late 2015.
Here’s a look at the August 2022 SSB tranche, as we explain why the SSB rates are rising, why demand is
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