Singapore Savings Bond sees higher demand in fourth issue

Singapore Savings Bond sees higher demand in fourth issue

For 2016, Monetary Authority of Singapore will offer up to S$4 billion worth of Savings Bonds, with a new issue every month.

By Linette Lim
Posted 29 Dec 2015 17:16 Updated 29 Dec 2015 19:13

SINGAPORE: A total of S$43.96 million worth of applications were accepted for the fourth tranche of the Singapore Savings Bond, up from S$40.99 million in the previous tranche, said the Monetary Authority of Singapore (MAS) on Tuesday (Dec 29).

The bonds, which will be issued on Jan 4, will pay a coupon of 1.21 per cent in the first year, stepping up every year so that those who hold the bond for the maximum 10-year tenure can earn an average interest of 2.58 per cent per annum.

The Monetary Authority of Singapore (MAS) had set a maximum allotment of S$300 million for the bond to be issued in January.

The Singapore Savings Bonds programme was announced in March by Senior Minister of State Josephine Teo, with the aim of "providing individual investors with a long-term savings option that offers safe returns".

For 2016, MAS will offer up to S$4 billion worth of Savings Bonds, with a new issue every month. Only individuals can apply for the bonds, which are fully backed by the Government. People can invest the minimum sum of S$500 and in subsequent multiples of S$500, up to a maximum of S$50,000 in any single issue, and up to $100,000 in total.

The funds can be redeemed early on a monthly basis without penalty.

- CNA/xk

- wong chee tat :)

Demand for Singapore Savings Bond falls sharply in 3rd issue

Demand for Singapore Savings Bond falls sharply in 3rd issue
POSTED: 26 Nov 2015 22:00

SINGAPORE: The third issue of the Singapore Savings Bond saw scant interest from investors, who applied for only a small fraction of the maximum available.

The Monetary Authority of Singapore (MAS) said on Thursday (Nov 26) that for the December issue, total application within individual allotment limits amounted to S$40.99 million, well below the maximum allotment of S$1.2 billion.

The application amount was down sharply from S$257 million for the previous month's issue and S$413 million for the first tranche.

Singapore Savings Bonds offer individuals a safe, long-term, flexible savings option that pays higher interest over time.

For the December issue, the bond will pay investors an average interest rate of 2.44 per cent if it is held for the full 10 years.

In the second tranche, investors could earn an average interest rate of 2.78 per cent over a 10-year tenure, while the first issue would pay an average interest rate of 2.63 per cent.

Investors can choose to redeem Singapore Savings Bonds monthly at face value, unlike in the case of conventional bonds whose market price can fluctuate.

- CNA/xq

- wong chee tat :)

Nov 2015 Singapore Savings Bonds - GX15120V

Issuance details - GX15120V

Bond ID	GX15120V
Amount available	$1 . 2 billion
Issue date	1 Dec 2015
Maturity date	1 Dec 2025
Interest payment dates	The 1st interest payment will be made on 1 June 2016, and subsequently  on the 1st business days in December and June.
Investment amounts	You can invest a minimum of $500, and in multiples of $500 up to $50,000  for this issue. The total amount of Savings Bonds held across all issues  cannot be more than $100,000.
Application period	Opens: 6.00pm, 2 Nov 2015  Closes: 9.00pm, 25 Nov 2015  Results: After 3.00pm, 26 Nov 2015 Keep track of the important dates with our SSB calendar.
Apply through	DBS/POSB, OCBC and UOB ATMs and DBS/POSBInternet Banking,  from 7.00am - 9.00pm, Mon - Sat, excluding Public Holidays.  CPF and SRS funds are not eligible.

This bond will be reflected as "SBDEC15 GX15120V" in your CDP statement and "CDP-SBDEC15" in your bank statement.

Interest rates

Year from issue date	1	2	3	4	5	6	7	8	9	10
Interest, %	1.15	1.15	1.65	2.41	2.81	2.81	2.93	3.08	3.29	3.64
Average return per year, %*	1.15	1.15	1.31	1.58	1.82	1.97	2.10	2.21	2.32	2.44

* At the end of each year, on a compounded basis

Calculate the interest you will earn based on your desired investment amount using the Interest Calculator.

Any one getting?

- wong chee tat :)

Nov 2015 Singapore Savings Bonds - GX15120V

Issuance details - GX15120V

Bond ID	GX15120V
Amount available	$1 . 2 billion
Issue date	1 Dec 2015
Maturity date	1 Dec 2025
Interest payment dates	The 1st interest payment will be made on 1 June 2016, and  subsequently on the 1st business days in December and June.
Investment amounts	You can invest a minimum of $500, and in multiples of $500 up  to $50,000 for this issue. The total amount of Savings Bonds  held across all issues cannot be more than $100,000.
Application period	Opens: 6.00pm, 2 Nov 2015 Closes: 9.00pm, 25 Nov 2015 Results: After 3.00pm, 26 Nov 2015 Keep track of the important dates with our SSB calendar.
Apply through	DBS/POSB, OCBC and UOB ATMs and DBS/POSBInternet Banking,  from 7.00am - 9.00pm, Mon - Sat, excluding Public Holidays.  CPF and SRS funds are not eligible.

This bond will be reflected as "SBDEC15 GX15120V" in your CDP statement and "CDP-SBDEC15" in your bank statement.

Interest rates

Year from issue date	1	2	3	4	5	6	7	8	9	10
Interest, %	1.15	1.15	1.65	2.41	2.81	2.81	2.93	3.08	3.29	3.64
Average return per year, %*	1.15	1.15	1.31	1.58	1.82	1.97	2.10	2.21	2.32	2.44

* At the end of each year, on a compounded basis

Calculate the interest you will earn based on your desired investment amount using the Interest Calculator.

- wong chee tat :)

Nov 2015 Savings Bonds

Savings Bonds

Announcement Date	Closing Date of Application	Allotment Date	Issuance Date	Issue Code / ISIN Code	CDP Naming Convention	Maturity Date
Tue, 1 Sep 2015	Fri, 25 Sep 2015	Mon, 28 Sep 2015	Thu, 1 Oct 2015	GX15100F/ SG6YI1000007	SBOCT15 GX15100F	1 Oct 2025
Thu, 1 Oct 2015	Tue, 27 Oct 2015	Wed, 28 Oct 2015	Mon, 2 Nov 2015	GX15110T/ SG6YI2000006	SBNOV15 GX15110T	1 Nov 2025
Mon, 2 Nov 2015	Wed, 25 Nov 2015	Thu, 26 Nov 2015	Tue, 1 Dec 2015	GX15120V/ SG6YI3000005	SBDEC15 GX15120V	1 Dec 2025

- wong chee tat :)