MAS to issue $4b in savings bonds next year

$300m will be available by January.

More elbow room will be provided for Singapore’s investors, as the Monetary Authority of Singapore (MAS) announced that it will be offering up to $4b savings bonds next year.

According to a statement by MAS, a new savings bond will continue to be issued every month, while the issuance calendar can be found on the savings bond website.

“Interested investors are reminded that they must have an Individual Central Depository (CDP) Securities account with Direct Crediting Service (DCS) activated. CDP helps investors keep track of their Savings Bond holdings and facilitates the crediting of Savings Bond interest payments into investors’ bank accounts,” the statement said.

“Investors who already have Individual CDP Securities accounts should check2 that DCS has been activated before applying for Savings Bonds,” it added.