Singaporeans have a new place to park their money. The Monetary Authority of Singapore (MAS) announced that investors can now submit their auction applications for the 30-year Singapore Government Securities (Infrastructure) bonds. Here’s what you should know about the new Singa bonds! Introduction to the Singa Bonds The concept of Singa bonds was first proposed to the Singapore public during Budget 2021. Singapore’s finance minister then, Heng Swee Keat, announced that the government plans to issue new bonds to finance major and long-term infrastructure projects. The new government bonds will come under the Significant Infrastructure Government Loan Act (SINGA). The act allows the government to borrow up to S$90 billion to finance a pipeline of major, long-term infrastructure projects over the next 15 years. Such projects include the new Cross Island and Jurong Regional MRT lines, and pumping stations and tidal walls to protect Singapore against rising sea levels....