Launch of the Singapore Savings Bond Programme

Singapore, 21 July, 2015….The Monetary Authority of Singapore (MAS) today announced that the first Singapore Savings Bond will be issued on 1 October 2015. Interested investors may apply for this issue from 1 September 2015. A new Savings Bond will be issued every month thereafter. Singapore Savings Bonds are a new type of government bond that offers individual investors a safe, long-term and flexible product to meet their savings and investment needs.

Applying for the first Savings Bond issue

2   On 1 September 2015, MAS will publish a public notice to provide information on the 1 October 2015 Savings Bond issue, including the amount on offer and the interest pay-out schedule from the 1st to the 10th year. The notice will be published after 4.30pm on the Savings Bonds website (www.sgs.gov.sg/savingsbonds). This information will also be made available in local newspapers the following day. Investors should note the following:

Item	Details
Applications open	1 September 2015, 6.00pm
Applications close	25 September 2015, 9.00pm
Application results	28 September 2015, after 3.00pm
Issue date	Successful applicants will receive their Savings Bonds in their Central Depository (CDP) accounts on 1 October 2015.
Apply through	DBS/POSB, OCBC or UOB ATMs; or DBS/POSB internet banking

3   In order to apply for Savings Bonds, individuals must have a bank account with participating banks, namely DBS/POSB, OCBC or UOB and an individual CDP Securities account with direct crediting service (DCS) enabled¹. 

4   A new Savings Bond will be issued every month for at least 5 years, so there is no need to rush for the first issuance. The Singapore Government plans to issue S$2-4 billion of Savings Bonds this year.

Savings Bonds website and hotline

5   To help investors understand the features of Savings Bonds and learn how to apply for them, MAS has set up a Savings Bonds website which is accessible now at: www.sgs.gov.sg/savingsbonds.  The website will also feature tools to help investors keep track of application timelines and understand the returns from investing in Savings Bonds over different investment periods.

6   In addition to the website, members of the public can call the Savings Bonds hotline at 6221-3682² to find out more about the programme.

¹ To find out how to open a CDP Securities account or activate DCS for an existing CDP Securities account, please refer to CDP’s website (www.sgx.com/cdp/faq) or call the CDP Call Centre at 6535-7511.
² Operating hours: Mon-Fri, 8.30am to 5.30pm, excluding Public Holidays.



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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


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