MAS to launch 'unique' government-guaranteed retail bond
Interest on the non-tradable bond will increase annually
The Monetary Authority of Singapore (MAS) is launching a new government-backed bond, directed at retail investors in an effort to boost longer-term saving in the city state.
The Singapore Savings Bond (SSB), to be issued once a month, will start later this year, MAS said this week. It will pay out coupons that increase annually, incentivising savers to leave their money with the central bank for longer.
The coupons will be linked to yields on Singapore government bonds, with additional interest
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