Dear readers, earlier this month, I have blogged about the October 2019 Singapore Savings bonds . The October 2019 Singapore Savings bonds provides a 1.64% annual return each year for the first three years with the average annualized return at the Year 10th holding at 1.75%. In my aforementioned blog post, I have shared just how low the return of the Singapore Savings bonds have come down: from an annualized ten-year average return of close to 2.10% for previous tranches of the bond to the latest 1.75%.
The outcome of the application of the October 2019 Singapore Savings bonds has just been announced. Of the $250 million of the bonds on offer, only $57 million had been allotted, which translated into a 22.8% allotment rate only. I still recall some previous tranches of the bonds were oversubscribed as the returns of those tranches were much better then.
I am glad that I have subscribed to the previous tranches of the savings bonds when returns were higher. For readers who are still interested in the Singapore Savings bonds and have yet to subscribe, I would still think that the returns of the Singapore Savings bonds are still rather decent as a ten-year savings plan for the future.
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