Key Details
| SGS Type | Green SGS (Infrastructure) |
| Issue Code | NZ26300E (New) |
| ISIN Code | SGXPN20D0295
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| Issue Date | 03 August 2026 |
| Maturity Date | 01 August 2046 |
| Total Amount Offered | S$2,600,000,000 |
| MAS' Intended Application Amount | Nil. |
| Price of New Issue | $99.605 per S$100 of principal amount of the Bonds |
| Yield of New Issue |
2.40% p.a. |
| Coupon Rate | 2.375% p.a. |
| Coupon Payment Dates | 01 Feb and 01 Aug |
| Minimum Denomination | S$1,000 |
| Documents |
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| Factsheets and Guides |
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| Bookrunners/Participating Banks |
Placement Deutsche Bank AG, Singapore Branch (DB) Oversea-Chinese Banking Corporation Limited (OCBC) Standard Chartered Bank (Singapore) Limited (SCB) The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch (HSBC)
Public Offer
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| Mode of Application |
Placement
Applications for bond offered through the Placement must be submitted through the relevant Bookrunners and be in time for the relevant Bookrunners to submit by the closing date of application. Institutional and other investors applying for the bond under the Placement must contact the Bookrunners directly.
Public Offer
Application for bond offered through the Public Offer must be made by way of electronic applications, which is available via the application channels of the Participating Banks. As the application process differs from that of SGS issued via auctions, investors should familiarise themselves with the application instructions before making their application. Investors may refer to the ‘Product Factsheet for Public Offer’ for more details.
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Application Timeline for Placement (Institutional)
Opening Date
22 July 2026
Closing Date
28 July 2026
Issuance Date
03 August 2026
Note: MAS expects the initial allocation of the Bonds under the Placement to be made on or shortly after the date of the Pricing Notice. Subsequent to the initial allocation of the Bonds, the MAS may (but is not under any obligation to) allocate Bonds under the Placement from time to time prior to the close of the offering period of the Placement. The application timeline is indicative only and is subject to change without prior notice.
Application Timeline for Public Offer (Retail)
Opening Date
23 July 2026, 9am
Closing Date
27 July 2026, 12pm
Allotment Date
28 July 2026, afternoon
Issuance Date
03 August 2026
Note: The application timeline is indicative only and is subject to change without prior notice.
Results for Placement Tranche
| Total Amount Offered | S$2,550,000,000 |
| Total Amount Applied | S$4,670,274,000 |
| Total Amount Allotted1 | S$2,550,000,000 |
| Subscription Rate | 1.83x |
Results for Public Offer
| Total Amount Offered1 | S$50,000,000 |
| Total Amount Applied | S$7,620,000 |
| Total Amount Allotted | S$7,620,000 |
| Subscription Rate | 0.15x |
1MAS has exercised the right of Re-allocation. Accordingly, this issuance will be in respect of S$2,600,000,000 in aggregate principal amount of Bonds pursuant to the Placement and the Public Offer, to be allocated as follows:
(a) S$2,592,380,000 in aggregate principal amount of Bonds to the Placement; and
(b) S$7,620,000 in aggregate principal amount of Bonds to the Public Offer.
Notes
Individual investors who wish to subscribe to the issuance of the Aug-46 bond should review the product details carefully, and assess whether the risk/returns and characteristics of long-tenor bonds meet their financial needs. Investments in Singapore Government Securities (SGS), including the issuance of the Aug-46 bond, bear market risk. If investors sell the bond before its maturity date, they may receive less, or more, than their original investment, as the market price of the bond may rise or fall with changing market conditions.
Understanding Syndications
How Syndications Are Conducted
Buy and Sell SGS and MAS-issued Securities
For Individuals: Buy SGS Bonds via Public Offer for Syndicated Issuances
For Institutions: Buy and Sell SGS and MAS-issued Securities