SINGAPORE — The Monetary Authority of Singapore (MAS) has released information on the Singapore Savings Bond (SSB) latest tranche which has a total average return per year of 2.88 per cent with a first-year interest rate of 2.74 per cent.
The bond, to be issued on 1 March 2024, has a tenor of 10 years, and the allotment size is S$800 million.
MAS said investment amounts start at S$500 and are issued in multiples of S$500. The total amount an investor can hold at any one time cannot exceed S$200,000.
Application for this month’s SSB offering is now open and will close at 9pm on 26 February. The upcoming interest payment will be on 1 September 2024, while subsequent payments (until maturity) will be paid out every six months on 1 March and 1 September.
The operating hours for application submission are from 7am to 9pm, Monday to Saturday…
