The first Singapore Savings Bond (SSB) you can subscribe for in the year of 2024, the February 2024 is now available for subscription. Also, there are the usual two 6-month t-bills and a 1-year t-bill up for subscription. Finally, a 2-year SGS bond is also available.
Here are the Singapore government bonds you can apply for in the month of January 2024:
January 2024 SSB
| Year from issue date |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
| Interest % |
2.72 |
2.72 |
2.72 |
2.72 |
2.72 |
2.72 |
2.72 |
2.99 |
3.09 |
3.09 |
| Average return per year % |
2.72 |
2.72 |
2.72 |
2.72 |
2.72 |
2.72 |
2.72 |
2.75 |
2.78 |
2.81 |
SBFEB24 GX24020T Bond Details
February 2024’ SSB offers a pretty unattractive rate – just 2.81% p.a. if you held it for the entire 10-year duration. Last month’s SSB which had higher rates saw about 77.5% subscribed (S$853 million out of a S$1.1 billion tranche) so it is likely that the current SSB up for subscription would likely see much lower application from savers and investors. Lower interest for lower interest, get it?
Since last month’s bond was far from oversubscribed, it’s very safe to say that this...
