
Almost 20,000 people applied for maiden Singapore Savings Bond: MAS
The MAS accepted over $413m in applications.
A total of 19,505 individuals applied for the first Singapore Savings Bond issue, the central bank said in a statement.
The Monetary Authority of Singapore (MAS) said that it has accepted $413,161,000 in applications, and that all applicants will receive their application amount in full, subject to the limit of $50,000 per individual.
The Savings Bonds will be deposited into applicants’ Central Depository (CDP) Securities accounts on 1 October 2015.
The next Savings Bond issue will be announced on 1 October 2015 and issued on 2 November 2015.