SINGAPORE: The S$50,000 issue limit for Singapore Savings Bonds (SSB) will be removed from Mar 1 this year, the Monetary Authority of Singapore (MAS) said in a media release on Thursday (Mar 1).
Investors in SSB are currently subject to two limits – the issue limit, which limits the maximum amount of each issue that an individual can hold at S$50,000, and the individual limit, which limits each individual’s total SSB holdings at S$100,000.
"The removal of the issue limit will simplify the SSB programme, allowing investors to apply for a larger amount of a particular SSB issue," said MAS. The individual limit will remain at S$100,000, the authority added.
"The SSB allocation mechanism will continue to ensure that the bond is distributed as evenly as possible amongst investors," MAS added. It said that smaller applications would be filled first in the event of an oversubscription.
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