Rising Interest Rates and Returns for Singapore Savings Bonds (SSB) In November 2022, Is It a Worthy Investment for Investors to Buy In? Read on for a ...
The latest SSB issue comes as global interest rates rise with local banks hiking their their fixed deposit rates. PHOTO: ST FILE.
The $900 million SSB issue for November will mature 10 years later, in Nov 2032. The interest rates of each monthly SSB issuance are based on the average Singapore Government Securities yields in the month before applications open. For the October issue, MAS received close to $1.1 billion worth of applications for the $900 million alloted.