The allotment results for Aug 2022 Singapore Savings Bond are out!
It is disappointing to find out that the allotment limit is only SGD 9,000 as this tranche has been greatly oversubscribed.
I applied for $10k and was allocated with $9k. Likewise for all who applied more, they will also get the same $9k or at most $9.5k.
If the average yield for Sep 2022 tranche is higher than 3%, I believe the subscription rate will be higher and competition be more immense.
Nonetheless, I will continue to subscribe for Singapore Savings Bonds for the rest of the year.
An individual holding limit for SSB is $200k and I target to hit $100k by end of this year.
Thanks for reading. Invest safe and remain focused as always.
With love & peace,
Qiongster
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