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. You can buy SGS bonds at a primary auction or in the secondary market.

Overview

Product Information

Key Details

SGS bonds are fully backed by the Singapore Government.

Issuer
Government of Singapore
Sovereign credit rating
AAA
Tenor
2, 5, 10, 15, 20 or 30 years
Currency
SGD
Interest rate
Fixed, semi-annual coupon
Interest payments
Every 6 months, starting from the month of issue. Paid on the first business day of the month.
Maturity and redemption
Cannot be redeemed early, but can be sold in the secondary market. You receive the face (par) value upon redemption at maturity.
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.

Compare with other SGS products

SGS Bond Calculator

What It Is Good For

Use SGS bonds to:

  • Diversify your investment portfolio.
  • Receive a fixed, steady income until the bond matures.
  • Invest in a safe, long-term product.

Buying and Selling

Investors can purchase SGS bonds at auction. Auctions typically take place 3 business days before issuance and are announced on the SGS website 5 business days in advance.

You can apply through DBS/POSB, OCBC and UOB ATMs or internet banking. Find out how individuals can buy SGS bonds.

Frequency of issuance
Typically monthly, according to the issuance calendar.
Method of sale
Uniform price auction - investors can submit competitive or non-competitive bids.
Bid format
In yield terms, up to 2 decimal places.

Investment amount

Minimum S$1,000, and in multiples of S$1,000.

  • There is no maximum amount an individual can hold, but there are limits for each auction.
  • You can submit up to S$2 million in non-competitive bids at each SGS bond auction.
Typical issue size
S$2 billion to S$3 billion for benchmark issues.
Who can buy
All institutions and individuals, including non-residents. Individuals need to be 18 years and above.
Buy with SRS and CPF
Yes
Settlement
T+3 at auction; T+1 in the secondary market.
Custody
At the Central Depository .
Secondary market trading

Auction Updates

Enquiries

If you have any questions or enquiries about this product, please contact us.