The bonds were first brought up by the Ministry of Finance (MOF) in April shortly after Deputy Prime Minister Heng Swee Keat tabled a proposed law in Parliament. The proposed law will enable the government to borrow money to spend on major national infrastructure projects.
The Monetary Authority of Singapore’s (MAS) inaugural Singapore Government Securities or SGS (Infrastructure) bonds should “garner decent investor interest,” says DBS Group Research analyst Eugene Leow on Sept 15 in an economics report.
The 30-year bonds will be created under the proposed Significant Infrastructure Government Loan Act (Singa).
