As widely expected, Singapore Savings Bond’s August 2022 tranche (SBAUG22 GX22080V) has been oversubscribed. Unsurprisingly, the highest yield ever for SSB drew intense interest – a staggering $2.4 billion dollars were fighting over the $700 million offered. Maximum of $9,500 allotted per person If you subscribed to $9,000 or less, you will get the amount you subscribed for. Applications above this figure will get $9,000, and approximately 8.15% of such applications would get $9,500. The rest of your funds will be refunded to you. Thoughts and alternatives I finally placed some idle savings into SSB since the yields looked really attractive. The figure of $9,000 was a lot lower than I was hoping for. By most measures of existing Singapore Government Securities yields, next month may yet be another high for SSB, and that’d certainly be hotly subscribed too. The low allotment has been frustrating to some who have...