Post by oldman on May 11, 2015 16:59:32 GMT 7
Oh dear.... did not realise that one has to draw lots for this and there is a cap of $100K......
MAS on how to apply for Singapore Savings Bonds - 11 May 2015
“This means that smaller applications will have a higher chance of receiving full allotment, and individuals with larger applications may not get the full amount they applied for,” explained Mrs Teo.
Investors will be able to apply for each Savings Bonds issue with amounts ranging from S$500 to S$50,000, and they can hold up to S$100,000 of Savings Bonds at any point in time. The Government will review the caps if there is a need for it, after the programme is implemented, said Mrs Teo.
MAS on how to apply for Singapore Savings Bonds - 11 May 2015
“This means that smaller applications will have a higher chance of receiving full allotment, and individuals with larger applications may not get the full amount they applied for,” explained Mrs Teo.
Investors will be able to apply for each Savings Bonds issue with amounts ranging from S$500 to S$50,000, and they can hold up to S$100,000 of Savings Bonds at any point in time. The Government will review the caps if there is a need for it, after the programme is implemented, said Mrs Teo.
