Central bank announces new savings bond with average yield of 3.32%

Its amount offered is at $1b.

The Monetary Authority of Singapore (MAS) released the latest information on Singapore Savings Bonds, posting a total average return per year of 3.32%.

The bond, GX23110V, has a tenor of ten years and the amount offered at $1b, according to the MAs statement.

“The total amount issued may be less than the maximum amount offered if total eligible subscriptions are less than the maximum amount offered,” read the statement.

Singapore’s central bank said investment amounts have a minimum of $500 and in multiples of $500. The total amount of Savings Bonds you can hold at any one time cannot exceed $200,000.

The upcoming payment is on 01 May 2024 whilst its redemption and issuance is dated on 1 November 2023.

Follow the link s for more news on

MAS

bond issuance

Monetary Authority of Singapore

Also Read

WeLab Bank disbursed HK$61.56m subsidies for HS Chau Foundation

Mizuho lists Saudi Arabia ETF on Tokyo Stock Exchange

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit