Results of auction of taxable book-entry Singapore Government Treasury Bills to be issued on 05 January 2006
Tenor 91 Days Total Amount Allotted SGD 1,200,000,000 Amount Allotted to Non-Competitive Applications SGD 42,397,000 Of which allotted to MAS Nil Total Amount Applied SGD 2,056,702,000 Average Yield & Price 2.67% p.a. and 99.334% Cut-off Yield and Price 2.73% p.a. and 99.319% % of Competitive Applications at Cut-off Allotted Approximately 37% % of Non-Competitive Applications Allotted 100% Issue Code BQ06100F ISIN Code SG7E87927590 Maturity Date 06 April 2006
Results of auction of taxable book-entry Singapore Government Treasury Bills to be issued on 29 December 2005
Tenor 91 Days Total Amount Allotted SGD 1,200,000,000 Amount Allotted to Non-Competitive Applications SGD 37,046,000 Of which allotted to MAS Nil Total Amount Applied SGD 2,684,246,000 Average Yield & Price 2.65% p.a. and 99.339% Cut-off Yield and Price 2.68% p.a. and 99.332% % of Competitive Applications at Cut-off Allotted Approximately 54% % of Non-Competitive Applications Allotted 100% Issue Code BQ05151F ISIN Code SG7C20925208 Maturity Date 30 March 2006
Results of auction of taxable book-entry Singapore Government Treasury Bills to be issued on 22 December 2005
Tenor 91 Days Total Amount Allotted SGD 1,200,000,000 Amount Allotted to Non-Competitive Applications SGD 49,343,000 Of which allotted to MAS Nil Total Amount Applied SGD 2,186,553,000 Average Yield & Price 2.70% p.a. and 99.327% Cut-off Yield and Price 2.73% p.a. and 99.319% % of Competitive Applications at Cut-off Allotted Approximately 22% % of Non-Competitive Applications Allotted 100% Issue Code BQ05150E ISIN Code SG7C19925193 Maturity Date 23 March 2006
Results of auction of taxable book-entry Singapore Government Treasury Bills to be issued on 15 December 2005
Tenor 91 Days Total Amount Allotted SGD 1,200,000,000 Amount Allotted to Non-Competitive Applications SGD 56,718,000 Of which allotted to MAS Nil Total Amount Applied SGD 2,388,229,000 Average Yield & Price 2.60% p.a. and 99.352% Cut-off Yield and Price 2.64% p.a. and 99.342% % of Competitive Applications at Cut-off Allotted Approximately 26% % of Non-Competitive Applications Allotted 100% Issue Code BQ05149T ISIN Code SG7C18925186 Maturity Date 16 March 2006
Results of auction of taxable book-entry Singapore Government Treasury Bills to be issued on 01 December 2005
Tenor 91 Days Total Amount Allotted SGD 1,200,000,000 Amount Allotted to Non-Competitive Applications SGD 27,577,000 Of which allotted to MAS Nil Total Amount Applied SGD 2,851,143,000 Average Yield & Price 2.66% p.a. and 99.337% Cut-off Yield and Price 2.70% p.a. and 99.327% % of Competitive Applications at Cut-off Allotted Approximately 41% % of Non-Competitive Applications Allotted 100% Issue Code BQ05147S ISIN Code SG7C16925162 Maturity Date 02 March 2006
Results of auction of taxable book-entry Singapore Government Treasury Bills to be issued on 17 November 2005
Tenor 91 Days Total Amount Allotted SGD 1,300,000,000 Amount Allotted to Non-Competitive Applications SGD 23,746,000 Of which allotted to MAS Nil Total Amount Applied SGD 2,388,156,000 Average Yield & Price 2.63% p.a. and 99.344% Cut-off Yield and Price 2.70% p.a. and 99.327% % of Competitive Applications at Cut-off Allotted Approximately 98% % of Non-Competitive Applications Allotted 100% Issue Code BQ05145F ISIN Code SG7C14925149
Results of auction of taxable book-entry Singapore Government Treasury Bills to be issued on 04 November 2005
Tenor 90 Days Total Amount Allotted SGD 1,300,000,000 Amount Allotted to Non-Competitive Applications SGD 24,097,000 Of which allotted to MAS Nil Total Amount Applied SGD 2,539,831,000 Average Yield & Price 2.32% p.a. and 99.428% Cut-off Yield and Price 2.38% p.a. and 99.413% % of Competitive Applications at Cut-off Allotted Approximately 72% % of Non-Competitive Applications Allotted 100% Issue Code BQ05143A ISIN Code SG7C12925125 Maturity Date 02 February 2006
Results of auction of taxable book-entry Singapore Government Treasury Bills to be issued on 20 October 2005
Tenor 91 Days Total Amount Allotted SGD 1,300,000,000 Amount Allotted to Non-Competitive Applications SGD 36,478,000 Of which allotted to MAS Nil Total Amount Applied SGD 2,675,078,000 Average Yield & Price 2.22% p.a. and 99.447% Cut-off Yield and Price 2.25% p.a. and 99.439% % of Competitive Applications at Cut-off Allotted Approximately 49% % of Non-Competitive Applications Allotted 100% Issue Code BQ05141N ISIN Code SG7C10925101 Maturity Date 19 January 2006
I went online to check the three local bank on information on the SGS since they are one of primary dealers of SGS T-bills and bond.To my disappointment, only UOB bank provide the most information on SGS. DBS bank does not provide any information on SGS online. OCBC does provide SGS information online but the information is link with a product called Bond-Linked Structured Deposit.
The information provided by UOB are as followed:
1) To buy SGS bond, you must open a Debt Securities account with UOB. 2) Must be at least 21 Years old 3) Minimum Investment sum of S$1000.00 4) Can use CASH, CPF, ASPF and SRS to buy the bond or T-Bill
How much does it cost : No commission or custody fee for transactions.
Results of auction of taxable book-entry Singapore Government Treasury Bills to be issued on 13 October 2005
Tenor: 91 Days Total Amount Allotted: SGD 1,300,000,000 Amount Allotted to Non-Competitive Applications: SGD 44,969,000 Of which allotted to MAS: Nil Total Amount Applied: SGD 2,619,032,000 Average Yield & Price: 2.20% p.a. and 99.452% Cut-off Yield and Price: 2.23% p.a. and 99.444% % of Competitive Applications at Cut-off Allotted: Approximately 31% % of Non-Competitive Applications Allotted: 100% Issue Code: BQ05140W ISIN Code: SG7C09925096 Maturity Date: 12 January 2006
Application for taxable book-entry Singapore Government Treasury Bills
Tenor 91 Days
Total Amount Offered SGD 1,300,000,000
Minimum Denomination SGD 1,000
MAS' Intended Tender Amount (Non-competitive) Nil
Issue Code BQ05139F
ISIN Code SG7C08925089
Issue Date/Settlement Date 06 October 2005
Maturity Date* 05 January 2006
Method of Sale Multiple-Price Auction
Competitive Applications Must be expressed as an annual yield, to 2 decimal places
Non-competitive Applications Accepted at the average yield of successful competitive applications, with pro-rated allotment if applications exceed 40% of amount offered.
Closing Date of Application 12 Noon, 03 October 2005
Introduction Not happy with your Fixed Deposit Rate of 1.5% (need $50k just to get this rate)? Unwilling to take the risk for POTENTIAL higher returns in various kinds of schemes that the banks are always trying to sell you? Treasury Bills (T-Bills) issued by the Singapore Government may be the choice for you. Current 3-mths T-Bills are giving a yield of ~2%. You get better rates than FD, min. investment amt is ONLY $1000, short 3-mth tenure (you can also sell in the open mkt before 3-mth) and it's virtually risk-free as it's guaranteed by the govt, therefore capital protection
SGS All SGS, whether T-Bills or Government Bonds, are sold in lots of $1,000. T-Bills have a tenure of either 3 months or 1 year, never pay coupons (akin to interest rate), and are always sold at a discount. Government bonds are sold with maturities of 1, 2, 5, 7, 10 and 15 years. They always pay coupons, and may be issued at a discount, at par or even at a premium.
Where, When and How To Buy You can buy SGS from any of the Primary Dealers (all the local banks are Primary Dealers). There are no admin or custodian fees involved. Banks earn NOTHING (they are legally REQUIRED to process your orders as it's one of the requirements to be a Primary Dealer) when you buy SGS at issue ie. when the Singapore Government first sells the SGS. The banks do earn from a spread when they buy and sell existing SGS on the open market. When you buy at issue there is no accumulated interest to be paid, nor any transaction fee. Since the Singapore Government regularly issues SGS, there's little reason to buy on the open market and pay commissions.
The first time you buy SGS through the bank, you'll need to open a custodian account (a form to fill) with the bank. To buy new issues, you need to fill in another form to bid. Either bid (for competitive bids) something close to the going rate or pick the "non-competitive bid" which guarantees a successful application. If you bid, the difference is usually only 0.05% at most, and you risk being unsuccessful. For the non-competitive bid, what you pay will be the "average bid" that you see when the results are posted on the SGS website.
If you urgently need to sell your T-Bills before maturity, you can get the quote from the bank. A reference of the market price can be found at SGS website.
3-month T-bills are issued every week and bids must be submitted before Monday 12noon. Check the SGS website for details. For SGS Bonds, the issuance calendar can also be found in the SGS website (2005 ; 2006).
Other links : Fundsupermarket (Only SGS Bonds & Old SGS Issues)