Can apply online?to their website
Can apply online?to their website
i m waitg too but wherebuying the SGS infrastructure bond ?
cannot, think have to go thru agent...Can apply online?
singapore saving bonds?Anyone buying the SGS infrastructure bond ?
singapore saving bonds?
oops, paiseh.. hahahahabut 30yrs ? Parents wanted
https://www.straitstimes.com/busine...sale-of-singa-bonds-to-finance-infrastructurenow renamed as SGS (Market Development), according to MAS.
With a minimum of $1,000 cash, retail investors can subscribe the bonds through DBS/POSB, OCBC and UOB ATMs and internet banking portals, and OCBC’s mobile app, though they will need an individual Central Depository (CDP) account.
The yield, or interest payments, on the bond set for maturity in Oct 2051 will be announced by MAS an hour after the Sept 28 auction and the bond will be issued for trade in secondary market on Oct 1.
been waitg sinxe they announced it
i love these ESG - There are also plans to issue the Green SGS (Infrastructure) bonds that MAS aims to kick off next year for climate change-related infrastructure.
no! SSb is ssb
SGS (Market Development) | SGS (Infrastructure) | Green SGS (Infrastructure) The first Green SGS (Infrastructure) would be issued in 2022. | |
Legislation | Government Securities Act | Significant Infrastructure Government Loan Act (SINGA) | Significant Infrastructure Government Loan Act (SINGA) |
Objective | To develop the domestic debt market | To finance major, long-term infrastructure | To finance major, long-term green infrastructure projects |
Issuer | Government of Singapore | ||
Sovereign Credit Rating | AAA | ||
Available Tenor | 2, 5, 10, 15, 20 or 30 years | ||
Currency | SGD | ||
Frequency of Issuance | Monthly, according to the issuance calendar | ||
Method of Sale | Uniform price auction; Competitive or non-competitive bids. | ||
Coupon Payment | Semi-annual coupon starting from the month of issue. Paid on the first business day of the month. | ||
Tax | There is no capital gains tax in Singapore. For residential financial institutions (excluding Financial Sector Incentive - Standard Tier companies) and corporations, interest income is taxed at a concessionary rate of 10% for SGS issued up to 31 Dec 2023. |
thanks... the tenor, 2years which is okay leh...but got this ...2, 5, 10, 15, 20 or 30 years
https://blog.seedly.sg/singa-bonds-sgs-infrastructure/https://www.mas.gov.sg/bonds-and-bills/Singapore-Government-Bonds-Information-for-InstitutionsSGS bonds are fully backed by the Singapore Government. There are three different categories of SGS Bonds, summarised here:
SGS (Market Development) SGS (Infrastructure) Green SGS (Infrastructure)
The first Green SGS (Infrastructure) would be issued in 2022.Legislation Government Securities Act Significant Infrastructure Government Loan Act (SINGA) Significant Infrastructure Government Loan Act (SINGA) Objective To develop the domestic debt market To finance major, long-term infrastructure To finance major, long-term green infrastructure projects Issuer Government of Singapore Sovereign Credit Rating AAA Available Tenor 2, 5, 10, 15, 20 or 30 years Currency SGD Frequency of Issuance Monthly, according to the issuance calendar Method of Sale Uniform price auction; Competitive or non-competitive bids. Coupon Payment Semi-annual coupon starting from the month of issue. Paid on the first business day of the month. Tax There is no capital gains tax in Singapore.
For residential financial institutions (excluding Financial Sector Incentive - Standard Tier companies) and corporations, interest income is taxed at a concessionary rate of 10% for SGS issued up to 31 Dec 2023.
surely LOwer!! if u ref to - thiswhat is the expected coupon rate? if lower than CPF rate.. then I won't consider.. heheh
The yield, or interest payments, on the bond set for maturity in Oct 2051 will be announced by MAS an hour after the Sept 28 auction and the bond will be issued for trade in secondary market on Oct 1.
The SGS Infrastructure bond is the same as other SGS bonds or T-bills, and similar to SSB - they can all be bought via ATMs or internet banking.i m waitg too but where
do u know the rates?The SGS Infrastructure bond is the same as other SGS bonds or T-bills, and similar to SSB - they can all be bought via ATMs or internet banking.
https://www.mas.gov.sg/bonds-and-bi...uy-SGS-at-Auction-Information-for-Individuals
thanks for sharing.. looks goodsurely LOwer!! if u ref to - this
Auction: N519100A 2-Year Bond (Reopened)
Investors may submit auction applications for the following 2-Year Singapore Government Securities (SGS) bond. This is a re-opening of an existing bond.
Issue Details
https://www.mas.gov.sg/bonds-and-bi...ds?issue_code=N519100A&issue_date=2021-10-01#
SGS (Market Development)
Announcement date21 Sep 2021
Auction date28 Sep 2021
Issue date01 Oct 2021
Maturity date01 Feb 2024
Coupon rate2% p.a.
Coupon payment dates01 Aug and 01 Feb
Closing yield 0.49% p.a.
Closing price 103.53
but 4 the 30-Year Bond (New) must wait til Auction pls - https://www.mas.gov.sg/bonds-and-bi...nds?issue_code=NA21200W&issue_date=2021-10-01
This is a 2 year bond, so the yield is definitely lower than a 30 year bond.surely LOwer!! if u ref to - this
Auction: N519100A 2-Year Bond (Reopened)
Investors may submit auction applications for the following 2-Year Singapore Government Securities (SGS) bond. This is a re-opening of an existing bond.
Issue Details
https://www.mas.gov.sg/bonds-and-bi...ds?issue_code=N519100A&issue_date=2021-10-01#
SGS (Market Development)
Announcement date21 Sep 2021
Auction date28 Sep 2021
Issue date01 Oct 2021
Maturity date01 Feb 2024
Coupon rate2% p.a.
Coupon payment dates01 Aug and 01 Feb
Closing yield 0.49% p.a.
Closing price 103.53
oh, so for 30-year, the rate only at 1.9%?This is a 2 year bond, so the yield is definitely lower than a 30 year bond.
The yield/price of the SGS Infrastructure bond will only be known after the auction is done, but we can get an idea by looking at existing bonds of similar terms. The benchmark 30-year SGS for a bond maturing in 2050 was at 1.90% yield today.
https://eservices.mas.gov.sg/Statistics/fdanet/SgsBenchmarkIssuePrices.aspx
Unlike SSB, SGS bond yields are not known beforehand, as they are sold by auction.do u know the rates?
i bought ssb via ibanking
oh i see... okay... wah, ok sounds abit complex.. haha...Unlike SSB, SGS bond yields are not known beforehand, as they are sold by auction.
Individuals can choose to make competitive bids or non-competitive bids. Competitive bid means you enter the yield that you want to bid. Non-competitive bid means you just enter the amount you want, and the yield will be the cut-off yield as determined in the auction. Normally retail investors can just make non-competitive bids and you will get all you asked for.
Meaning can only cash out in 2051?but 30yrs ? Parents wanted
https://www.straitstimes.com/busine...sale-of-singa-bonds-to-finance-infrastructurenow renamed as SGS (Market Development), according to MAS.
With a minimum of $1,000 cash, retail investors can subscribe the bonds through DBS/POSB, OCBC and UOB ATMs and internet banking portals, and OCBC’s mobile app, though they will need an individual Central Depository (CDP) account.
The yield, or interest payments, on the bond set for maturity in Oct 2051 will be announced by MAS an hour after the Sept 28 auction and the bond will be issued for trade in secondary market on Oct 1.
been waitg sinxe they announced it
i love these ESG - There are also plans to issue the Green SGS (Infrastructure) bonds that MAS aims to kick off next year for climate change-related infrastructure.
no! SSb is ssb
err.. how is this good? the yield is only 0.49% p.a.thanks for sharing.. looks good
u may sell them anytime @ open mkt but i cant predict the price thencan only cash out in 2051?