SINGAPORE: Up to S$2 billion of Saving Bonds will be offered in 2017, the Monetary Authority of Singapore (MAS) announced on Thursday (Dec 1).
The first bond of 2017 will be issued on Jan 3, MAS said in a media release, adding that up to S$150 million will be available during the first issue. A new savings bond will be issued every month.
The 10-year average annual return from the bond is above 2 per cent, MAS said.
Those interested can apply for the first bond through DBS, POSB, OCBC or UOB automatic teller machines (ATMs) or through DBS or POSB’s Internet banking portal from 6pm on Dec 1 until 9pm on Dec 27.
Interested investors must have an Individual Central Depository (CDP) Securities account with Direct Crediting Service (DCS) activated in order to apply for a bond, MAS said.
