SINGAPORE SAVINGS BONDS JAN 2019 ISSUE: 27.2% OVERSUBSCRIBED!

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SINGAPORE SAVINGS BONDS
Dear readers, the result of the Jan 2019 Singapore Savings Bond application is out! Of the maximum offer of the Singapore Savings Bond at $300million, the total amount applied is $381.735million; this translates to a subscription of 127.2% or 27.2% over-subscription!
The strong demand is not unexpected. To recap, I have shared with all of you how the Jan 2019 Singapore Savings Bonds offer a very good 1st-year return of over 2% in this earlier post.  As a result of the strong demand and oversubscription, applicants who applied for $39,500 or lower worth of the bonds received the amount they applied for. As for applicants who applied for amounts over $39,500, they were allotted either $39,000 or $39,500.

Personally, I believe the Singapore Savings Bonds is a good way for retail investors to grow their monies in a relatively safe manner against the backdrop of a more volatile equities markets. And hence I am very happy that the maximum application limit for the Singapore Savings Bonds has been increased to $200,000 (read more of what I have to share of this new limit right here in this post).
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