Introduction to Singapore Government Securities

Singapore Government Securities (SGS) are marketable debt instruments of the Government of Singapore. These debt instruments take the form of either Treasury bills (T-bills) or bonds and are backed by the full faith and credit of the Singapore Government. As the Government does not use debt to finance its expenditure, SGS are issued to meet banks’ needs for a risk-free asset in their liquid-asset portfolios and as part of a broader strategy to grow Singapore into an international centre for debt capital management. The Monetary Authority of Singapore issues SGS on behalf of the Government, in its capacity as the Government’s fiscal agent.

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Singapore Savings Bonds

Singapore Savings Bonds are a new type of SGS designed to offer individuals a long-term, flexible savings option with safe returns. They are ten-year bonds that pay higher interest over time based on market SGS rates,  and can be redeemed early on a monthly basis. Savings Bonds are issued monthly and can be purchased in units of $500. Interested investors can refer to the Savings Bonds website for more information.

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