SINGAPORE SEP 2018 SAVINGS BONDS: SURPRISES AND NOT

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Dear readers, the result of the application of Singapore Saving Bonds (Sep 2018 tranche) is out. In essence, for those applicants who applied for the bonds worth $45,000 or lower, they were allotted the worth of bonds which they applied for. And for applicants who applied for $45,500 or higher worth of bonds, they were allotted either $45,000 or $45,500 worth of the savings bonds. More details of the outcome could be found here.
I have applied for the Jul 2018 and Aug 2018 Singapore Savings Bonds tranches and were allocated like most of the applicants 12,500 and 15,500 units of the Singapore Savings Bonds respectively despite putting in an application amount much more than the allocated amount. In view of the earlier allocated number of bonds, I applied for only $30,000 worth of Sep 18 Singapore Savings Bonds having reasoned that though the amount of the Sep 18 bonds open for application would be much higher than the previous tranches, it should be not more than $20,000 worth of bonds allocated to successful applicants. Thus when I saw the result of $45,000 or $45,500 worth of bonds allocated to successful applicants (for Sep 18 tranche), I was quite surprised at the higher quantum allocated. But on the other side of the coin, I was not totally surprised either since I also presumed interest in the Sep 2018 Savings Bonds should be less intense as he overall annualized interest rate is lower (please refer to the post here ).

Notwithstanding the above, I am heartened that if the next tranche of Singapore Savings bond provide a higher annualized interest rate, then I would have additional “ammunition” to apply for this higher-interest Singapore Savings Bonds. Join the emailing list to receive regular Financial and Singapore stocks newsletters too! Like" me on Singapore Stocks Investing Facebook page to receive all posts on your Facebook as well as read more articles. Follow me on Twitter too.

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