Shares & Derivatives
Bought My First SG Government Bond
By Invest For Yourself  •  January 27, 2019
I just applied for the 5 years SG Govt Bond that was opened for application. It is my first purchase of this investment instrument. The specific code for this bond is N519100A and you can click-through to get more details. It can be applied via ATM and Internet Banking and closes on 12 noon 29 Jan 2019. The coupon rate (interest rate) is not established yet and it will depend on how the rest of the investment community bids for it. Yes, you can state the interest rate that you want to lend money to our government (i.e. the competitive application) but they will decide whether they would accept it. Alternatively, you can also choose (i.e. non-competitive application) and you will take the weighted average interest rate from all the applicants that is established when the application is closed. I have applied for both types just to experience and learn....
Read the full article
By Invest For Yourself
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance