|
Issuer:
Government of Singapore.
Typical issue size and maturity:
S$2 - 3 billion for benchmark bond issues
S$900 - 1,000 million for Treasury bill (T-bill) issues
The maturity ranges from 3-month to 15 years with
3-month and 1-year benchmarks for T-bills and 2-,
5-, 7-, 10-, 15- and 20-year benchmarks for bonds.
Form:
Registered book-entry system
Typical denomination:
S$1,000 for bonds and T-bills
Listing:
SGS are not listed on the Singapore Exchange
Structure:
SGS Bonds
-
SGS bonds carry a fixed semi-annual coupon paid
on the 1st and 15th of the particular month. In case of holiday, coupon
payment occurs on the next business day.
-
Coupon accrual: Interest accrues from the
previous coupon date (inclusive) to the settlement date (exclusive).
-
Ex-coupon date rule: SGS trades ex-coupon three
working days prior to the coupon date.
SGS bonds are non-callable/non-puttable bonds with bullet redemptions.
SGS T-Bills:
SGS T-bills are zero-coupon, and issued and traded on a discount basis.
|
 |
|
