Lastest S$ Deposit updates - Part 3

[qhong61]

but 30yrs ? Parents wanted

MAS to raise $2.6 billion in first-ever sale of Singa bonds to finance infrastructure

This will be the first SGS bond to be issued under the Significant Infrastructure Government Loan Act passed by Parliament in May. . Read more at straitstimes.com.

www.straitstimes.com

now 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

Meaning can only cash out in 2051?

 

[maumu]

thanks for sharing.. looks good

err.. how is this good? the yield is only 0.49% p.a.

 

[dappermen]

can only cash out in 2051?

u may sell them anytime @ open mkt but i cant predict the price then

 

[~sabaisabai~]

err.. how is this good? the yield is only 0.49% p.a.

oops. was initially thinking 1.9%

if 0.49% then forget about it lol

 

[lzydata]

err.. how is this good? the yield is only 0.49% p.a.

That was the yield for the recently issued 2 year bond. The 30 year Infrastructure bond won't be so low.

 

[dappermen]

Some of u alrdy asked similar qns here : & the ans is the same https://forums.hardwarezone.com.sg/threads/first-singa-sgs-infrastructure-bond.6570289/

u may sell them anytime @ open mkt but i cant predict the price then

 

[vsvs24]

Some of u alrdy asked similar qns here : & the ans is the same https://forums.hardwarezone.com.sg/threads/first-singa-sgs-infrastructure-bond.6570289/

Thanks for sharing that there is separate thread for this. This is new to many people who don't buy SGS so will have many queries.

 

[maumu]

That was the yield for the recently issued 2 year bond. The 30 year Infrastructure bond won't be so low.

I was replying to @~sabaisabai~ in case you didn't read the exchange.

anyway, doubt the 30-year coupon rate will hit 2.5% given the current low interest climate.

 

[~sabaisabai~]

I was replying to
@~sabaisabai~
in case you didn't read the exchange.
anyway, doubt the 30-year coupon rate will hit 2.5% given the current low interest climate.

thanks. anyway 30year too long.

 

[qhong61]

thanks. anyway 30year too long.

If leaving to descendants then should be ok.

 

[BlueRobin]

Aviva launched (?) MySecureSaver III today but still need to contact them to buy. 1.8% for 3 years.

MySecureSaver III

Get guaranteed returns of 1.8% p.a.^ over 3 years with MySecureSaver III. Register your interest today!

www.aviva.com.sg

Strange they still don't have online sign up. Still want to divert traffic to their agents.

 

[WilsonH]

Sold out liao

Aviva launched (?) MySecureSaver III today but still need to contact them to buy. 1.8% for 3 years.

MySecureSaver III

Get guaranteed returns of 1.8% p.a.^ over 3 years with MySecureSaver III. Register your interest today!

www.aviva.com.sg

Strange they still don't have online sign up. Still want to divert traffic to their agents.

 

[qhong61]

Sold out liao

So fast

 

[~sabaisabai~]

Aviva launched (?) MySecureSaver III today but still need to contact them to buy. 1.8% for 3 years.

MySecureSaver III
Get guaranteed returns of 1.8% p.a.^ over 3 years with MySecureSaver III. Register your interest today!

www.aviva.com.sg
Strange they still don't have online sign up. Still want to divert traffic to their agents.

yeah. only via agent. troublesome. heard that it is fully subscribed by 11am.

tiq still hvg promo. 3 years at 1.62%

 

[~sabaisabai~]

So fast

yes. launched 23sep at 12am by 11am fully subscribed

 

[BlueRobin]

yeah. only via agent. troublesome. heard that it is fully subscribed by 11am.

tiq still hvg promo. 3 years at 1.62%

Unfortunately I intend to use SRS, Tiq can't. Will probably wait for Income or GE, their application process is so much more smoother and easier via online.

Aviva always do these small tranches that get taken up within a few hours of launch. Are they after more customer info by asking people to register for interests?

 

[katana71]

moi think ish smelly tactic

 

[~sabaisabai~]

Unfortunately I intend to use SRS, Tiq can't. Will probably wait for Income or GE, their application process is so much more smoother and easier via online.

Aviva always do these small tranches that get taken up within a few hours of launch. Are they after more customer info by asking people to register for interests?

i may consider tiq if that is the case....
anyway, their max amt is $50,000

 

[~sabaisabai~]

If leaving to descendants then should be ok.

you plan to leave for your descendants?
lock the funds 30-years?

 

[mojipei]

How is the following offered by OCBC.

https://www.ocbc.com/personal-banki...1:social:FB-IG:RTG-WebVisitors:Static-Link-Ad:

From the link it says that for 2 years interest is 1.3%, any catch here.