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S$970m invested in Singapore Savings Bonds to date: MAS

Govt is "encouraged" by the uptake, but the House is told that public awareness of the scheme could be improved

Lee U-Wen

Published Thu, Nov 10, 2016 · 09:50 PM

Singapore

ABOUT 35,000 people have parked S$970 million in 14 savings bond issues under the Singapore Savings Bonds programme, it was announced in parliament on Thursday.

Education Minister (Higher Education and Skills) Ong Ye Kung, speaking on behalf of Deputy Prime Minister and Monetary Authority of Singapore (MAS) chairman Tharman Shanmugaratnam, said in reply to queries from the backbench that the central bank is "encouraged" by the take-up rate.