March 2024’s Savings Bond (SSB) is now up for subscription in the month of February 2024. On top of that, there is the usual 6-month t-bills (two of them) and a 20-year Singapore Government Securities (SGS) bond up for subscription.
Here are more details on the Singapore government bonds you can apply for this month:
March 2024 SSB – rates increase slightly
| Year from issue date |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
| Interest % |
2.74 |
2.74 |
2.74 |
2.74 |
2.74 |
2.74 |
2.84 |
3.12 |
3.26 |
3.26 |
| Average return per year % |
2.74 |
2.74 |
2.74 |
2.74 |
2.74 |
2.74 |
2.75 |
2.79 |
2.84 |
2.88 |
SBMAR24 GX24030V Bond Details
Last month’s SSB wasn’t too appealing, giving average returns of 2.72% p.a. to 2.81% p.a. depending on how you hold the bond for. The S$900 million tranche saw merely S$175.2 million allotted.
This month’s rates are ever so slightly up, with 2.74% p.a. average return if you hold the bond for anywhere between 1 to 6 years. At its maximum tenure, it gives an average 2.88% p.a. return over the 10 years.
The tranche size is smaller at S$800 million, although looking at last month’s severe undersubscription, it is very unlikely...
