Shares & Derivatives
SBAUG22 GX22080V Results
By My Sweet Retirement  •  July 27, 2022
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
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By My Sweet Retirement
I am a working salaried professional in my mid 30s. Just like most Singaporeans, I worked long office working hours, often trying very hard to find some work life balance. The Sweet Retirement Blog was created to share my journey towards achieving a comfortable retirement life. I believe we cannot simply rely solely on our Central Provident Fund savings when reaching old age. Neither can we rely solely on our bank savings as we all know the interest rates cannot beat inflation.
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