Singapore Savings Bonds Nov 2017 – Up to 3.19%pa

MAS has announced information for the Singapore Savings Bonds Nov 2017 to be issued on 1 Dec 2017. Details are summarised below.

  • Bond ID: GX17120W
  • Tranche size: S$150 million
  • Issue date: 1 Dec 2017
  • Maturity date: 1 Dec 2027
  • Interest payment dates: 1 Dec, 1 Jun

Application Timeline

Investors can start applying for the SSBs through POSB/DBS, OCBC, UOB ATMs and internet banking platforms from 1 Nov 2017. To learn more about bond application, do head to my post Singapore Savings Bonds: Everything You Need to Know. Readers are strongly encouraged read this before application!

  • Deadline for application: 27 Nov 2017 9pm
  • Allotment results: 28 Nov 2017 after 3pm

Coupons Table

The coupons for Singapore Savings Bonds Nov 2017 have generally increased over last month’s issue. The table below summarises coupon yields in %pa of the various SSB issues for the last 6 months.

Issue DateMaturity DateYear 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10

The average returns have therefore also increased over last month’s issue. Investors can get the best average returns for any holding period with this Nov issue than the other 5 preceding issues. The 10-year average return is 2.16%. The table below provides a summary of the average yearly returns in %pa of the various SSB issues since Jul 2017.

Issue DateMaturity DateYear 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10

Do head here for a historical table of all the coupons since the starting issue of the SSBs.


Risk-free Rates in Nov 2017

Yields have risen in Oct 2017. In Singapore, 3-month and 1-year SIBOR were 1.125% and 1.377% respectively on 3 Nov 2017 (compared to 1.124% and 1.377% on 31 Aug 2017. source: Association of Banks in Singapore).

Corporate Bonds Interest Rates in Nov 2017

The safest two Singapore dollar-denominated corporate bonds listed on SGX are CapitaMall Trust and Frasers Centrepoint. They provide 1.82% and 2.1% yield respectively for 3.28 years and 4.53 years to maturity as of 3 Nov 2017. In contrast, Singapore Savings Bonds Nov 2017 offers average 4-year and 5-year returns of 1.57% and 1.65% respectively.

NamePrice (S$)Yield (% pa)Coupon (% pa)Maturity DateTime to Maturity (Years)
CapitaMall Trust1.04001.823.0820-Feb-213.28
Frasers Centrepoint1.04202.103.6522-May-224.53

Fixed Deposit Rates in Nov 2017

  • UOB: up to 1.15%pa for 10-month deposit (1 Nov to 30 Nov 2017)
  • Maybank: up to 1.30%pa for 12-month deposit, up to 1.55% pa for 24-month deposit (from 1 Nov 2017)
  • Standard Chartered: up to 1.2%pa for 7-month deposit (1 Nov to 30 Nov 2017)
  • CIMB: up to 1.3% for 6-month deposit, up to 1.4% for 12-month deposit

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