Arab Today, arab today singapore issues first savings bond
Last Updated : GMT 12:27:49
Arab Today, arab today
Arab Today, arab today

Singapore issues first savings bond

Arab Today, arab today

Arab Today, arab today Singapore issues first savings bond

Monetary Authority of Singapore
Singapore - XINHUA

Singapore will issue its first savings bond, with long-term interest rates up to 2.63 percent per year in October, the Monetary Authority of Singapore (MAS) announced on Tuesday.

The 1.2 billion Singapore dollars worth of the Singapore savings bond will be available for application from Sept. 1 through 25, while the bond will be issued on Oct. 1, MAS said.

The interest rates of the bonds are calculated using the market- determined interest rates of Singapore Government Securities (SGS). As the yearly interest steps up over time, the average return also increases, the longer the savings bond is held. The average return per year will range from 0.96 percent for one year to 2.63 percent at the end of year ten.

A new savings bond will be issued every month for at least the next five years, MAS said, adding that up to 4 billion Singapore dollars of savings bonds could be issued this year depending on demand.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today singapore issues first savings bond Arab Today, arab today singapore issues first savings bond

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today singapore issues first savings bond Arab Today, arab today singapore issues first savings bond

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday