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Singapore's saving bond program exceeds 1 bln SGD

Xinhua, February 1, 2017 Adjust font size:

The Monetary Authority of Singapore (MAS) announced on Wednesday that the Singapore Savings Bond (SSB) program has exceeded 1 billion Singapore dollars (708.17 million U.S. dollars) in outstanding amount with more than 37,000 investors.

MAS said the program has appealed to small savers, with 55 percent of all applications comprising investments of 10,000 Singapore dollars (7081.65 U.S. dollars) and below.

The authority said it will continue to raise awareness of SSBs as a safe and flexible way to save for the long term.

The first SSB was issued on Oct. 1, 2015. Endit