Subscription fell further.
Even with higher interest compared to the first tranche, the second tranche of the Singapore Savings Bonds (SSB) did not do well.
The application rate for second tranche was 0.2144 (21%). The first tranche was better at 0.3443 (34%).
For the second tranche:
The maximum amount offered is $1.2 billion. Total amount applied within individual allotment limits was $257,328,500. This is just 0.2144 of the maximum amount offered.
This came as a surprise. The Straits Times and Channel 8’s “Hello Singapore” programme gave SSB some publicity close to the end of application period. It is apparent that the Singapore Savings Bonds were not hot with investors.
Copyright © 2015, limkimtong for Living Investment
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