SGS Bonds: Information for Individuals

Singapore Government Securities (SGS) bonds pay a fixed rate of interest and have maturities ranging from 2 to 30 years. There are three categories of SGS bonds – SGS (Market Development), SGS (Infrastructure) and Green SGS (Infrastructure). 

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Overview

In a Glance

SGS bonds are fully backed by the Singapore Government. There are three different categories of SGS bonds, summarised here:

SGS (Market Development) SGS (Infrastructure) Green SGS (Infrastructure)
Further information will be made available in due course
Legislation Government Securities Act Significant Infrastructure Government Loan Act (SINGA) Significant Infrastructure Government Loan Act (SINGA)
Objective To develop the domestic debt market To finance major, long-term infrastructure To finance major, long-term green infrastructure projects
Issuer Government of Singapore
Sovereign Credit Rating AAA
Available Tenor 2, 5, 10, 15, 20 or 30 years
Currency SGD
Frequency of Issuance Monthly, according to the issuance calendar
Method of Sale Uniform price auction; competitive or non-competitive bids.
Who can buy Individuals, including foreigners, aged 18 years and above can buy SGS bonds
Minimum Investment Amount $1,000, and in multiples of S$1000
Maximum Investment Amount None; up to allotment limit for auctions
Source of funds Cash, Supplementary Retirement Scheme (SRS) funds or CPF Investment Scheme (CPFIS) funds
Coupon Payment Semi-annual coupon starting from the month of issue. Paid on the first business day of the month.
Transferable Yes.
SGS bonds can be traded on the secondary market – at DBS, OCBC, or UOB branches; or on SGX through securities brokers.
Maturity and redemption No early redemption, but can be sold in the secondary market. Investors receive the face (par) value at maturity (i.e. price of S$100)
Tax There is no capital gains tax in Singapore.
● For individuals, interest income earned on SGS is tax exempt.
● Non-residents without a permanent establishment in Singapore do not have to pay taxes on interest income.

Note: The price of SGS bonds may rise or fall before maturity. If you want the flexibility of getting your full investment back in any given month, consider Singapore Savings Bonds instead.

Compare with other SGS products

Key Statistics

Investing in SGS bonds: Guide for Individuals

Step-by-step guide to investing in SGS bonds. Find information on how to buy, check, and manage your SGS bonds.

Understanding SGS Bonds

Get more information on SGS bonds to determine if it is the right investment before buying.

Buying and Selling SGS Bonds

Find out how to buy SGS bonds at an auction:

Find out how to buy and sell SGS bonds on the secondary market.

Understanding Auctions

View the issuance calendar for planned auctions and find out how auctions work.

Managing SGS Investment

Calculate your returns and receive coupon payments.