What we learnt from the SSB allotment results
#1 – Investor interest in SSB has dipped
There was S$1.7 billion of applications for the December issuance of the SSB (SBDEC22 GX22120S). ...The record high 10-year average interest rate of 3.47% p.a. for the latest SSB issuance did not draw as much subscriptions as the previous month.
What happened?
It seems that many investors were focused on the T-bill, such that the Singapore Savings Bond has been less talked about these days.
This is despite the interest rates on the latest SSBs reaching a record high for the December issuance.
So here’s the latest allotment result for the December issuance of the SSB (SBDEC22 GX22120S).
Applicants who applied for S$14,000 or lower were fully allotted, subject to individual allotment limits.
Applicants who applied for S$14,500 or higher were allotted either S$14,000 or S$14,500.
About 39.34% of these applicants were selected at random and allotted S$14,500.
Source: MAS
