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.

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