Almost 20,000 people applied for maiden Singapore Savings Bond: MAS

The MAS accepted over $413m in applications.

A total of 19,505 individuals applied for the first Singapore Savings Bond issue, the central bank said in a statement.

The Monetary Authority of Singapore (MAS) said that it has accepted $413,161,000 in applications, and that all applicants will receive their application amount in full, subject to the limit of $50,000 per individual.

The Savings Bonds will be deposited into applicants’ Central Depository (CDP) Securities accounts on 1 October 2015.

The next Savings Bond issue will be announced on 1 October 2015 and issued on 2 November 2015.

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