Edited : 22/07/2015 at 9am
If you have been waiting for news about when the first Singapore Savings Bond (SSB) will be launched, you might want to know that MAS has announced that the first Singapore Savings Bond will be issued on 1st Oct, 2015. Retail investors will be able to apply for them from 1st September 2015 at 6pm till 25 September 2015 at 9.00pm.
Results will be known on 28 Sep 2015 after 3pm.
Details of the first issue such as the amount of bonds available and the interest rates will be released when applications open.
There is no need to rush to apply for the first issuance as MAS also said that a new Singapore Savings Bond will be issued every month for at least the next five years.
In order to apply for Savings Bonds, you must have a bank account with DBS/POSB, OCBC or UOB and an individual CDP Securities account with direct crediting service (DCS) enabled. Application can be made via DBS/POSB, OCBC or UOB ATMs; or DBS/POSB internet banking.
If you would like to find out more about the Singapore Savings Bonds, you can refer to two of my earlier articles as well as the page specially setup for SSB: