First Singapore Savings Bond issued on Oct 1: MAS

First Singapore Savings Bond issued on Oct 1: MAS
Retail investors will be able to apply for the Singapore Savings Bond from Sep 1, said MAS.

By Nicole Tan
POSTED: 21 Jul 2015 12:00

SINGAPORE: The first Singapore Savings Bond will be issued on Oct 1, 2015 and retail investors will be able to apply for them from Sep 1.

This was announced by the Monetary Authority of Singapore (MAS) on Tuesday (Jul 21) at a press conference on its annual report for financial year 2014/2015.

Singapore Savings Bonds are a special type of Government bonds that cater to individual investors. Like regular Singapore Government Securities (SGS), they are said to offer the same long-term risk-free returns. But holders of Singapore Savings Bonds are said to not be exposed to price risk if they redeem the bonds early.

Details of the first issue such as the amount of bonds available and the interest rates will be released when applications open.

MAS said a new Singapore Savings Bond will be issued every month for at least the next five years, so there is no need to rush for the first issuance.

- CNA/av


- wong chee tat :)