What happened?

Singapore Savings Bonds (SSBs) are back in favour again.  The November issuance of SSBs (SBNOV23 GX23110V) were oversubscribed as applications surged. Applicants who applied for S$47,000 or lower were fully allotted, subject to individual allotment limits. Applicants who applied for S$47,500 or higher were allotted either S$47,000 or S$47,500. About 74.06% of these applicants were allotted S$47,500.  It seems that apart from putting their savings into T-bills, investors are warming up to SSBs as well.  Here’s what we learnt from the latest SSB allotment results Source: MAS

What we learnt from the SSB allotment results

#1 – Investor demand for SSB rose sharply

There were S$1.2 billion of applications for the November issuance of the SSBs. This is significantly above the S$140 million of applications for the July issuance of the SSBs, and would represent the highest amount of applications for the SSBs this year. However, it...