Quick Take: SSB maximum allotment rises to S$59,500 as demand falls
By Beansprout  •  June 26, 2024
The maximum allotment for the July issuance of the SSB rose to S$59,500 as applications fell. What happened? The latest Singapore Savings Bonds (SSB) allotment results were out today. The maximum allotment for the July issuance of the SSB (SBJUL24 GX24070S) was at S$59,500. If you applied for S$59,000 or lower, you would be fully allotted the SSB, subject to the individual allotment limits. If you applied for S$59,500 or higher, you would be allotted either S$59,000 or S$59,500. Approximately 10.52% of applicants who applied for S$59,500 or higher were selected at random and allotted the additional S$500. Let us dive deeper to learn more about the latest SSB allotment. Source: MAS What we learnt from the latest SSB allotment #1 – Demand fell compared to the previous issuance Total applications for the SSB fell to S$1.3 billion from S$1.6 billion in the previous issuance. Despite the fall, demand for the SSBs was at the second highest level so far this year....
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