Up to $2 billion of Singapore Savings Bonds to be offered in 2017

MAS announced that up to $2 billion of Savings Bonds will be offered in 2017.
MAS announced that up to $2 billion of Savings Bonds will be offered in 2017.ST PHOTO: LIM YAOHUI

SINGAPORE - The Monetary Authority of Singapore announced on Thursday (Dec 1) that up to $2 billion of Savings Bonds will be offered in 2017.

The first bond will be issued on Jan 3, and up to $150 million will be available.

A new savings bond will be issued every month.

The issuance calendar for 2017, which sets out the application and issuance dates, can be found on the savings bond'd website.

People can apply for the first bond from 6pm on Dec 1 to 9pm on Dec 27.

Interested investors are reminded that they must have an individual Central Depository (CDP) Securities account with the activated direct crediting service.

CDP helps investors keep track of their savings bond holdings and facilitates the crediting of interest payments into bank accounts.