The new 20-year green SGS bond offers a 2.40% p.a. yield and will close on 28 July. We examine its returns, risks and whether it may be worth applying for. What happened? We have seen a bounce in the Singapore T-bill yield recently. As a result, I have seen more discussion about the new 20-year green SGS bond (NZ26300E) with a yield of 2.40% p.a. The headline yield appears higher than the latest six-month T-bill cut-off yield of 1.55% p.a. It is also above the latest Singapore Savings Bond, which offers a first-year return of 1.46% p.a. and a 10-year average return of 2.06% p.a. However, investors would need to accept a much longer investment period and potential price fluctuations if they sell the bond before maturity. For investors who might be new to the SGS bond, I will take a closer look at the 20-year green SGS bond and the key considerations before deciding whether it may be worth applying for....