MAS to launch 'unique' government-guaranteed retail bond
Interest on the non-tradable bond will increase annually
The Monetary Authority of Singapore (MAS) is launching a new government-backed bond, directed at retail investors in an effort to boost longer-term saving in the city state.
The Singapore Savings Bond (SSB), to be issued once a month, will start later this year, MAS said this week. It will pay out coupons that increase annually, incentivising savers to leave their money with the central bank for longer.
The coupons will be linked to yields on Singapore government bonds, with additional interest
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com