Buying SGS: For Institutions

Individual investors may bid for Singapore Government Securities (SGS) bonds at primary auctions. You can apply through the local bank's ATMs and internet banking portals, or use your SRS/SPFIS funds to apply.

Check Your Results

After an auction closes, you can check the aggregate results of the auction about an hour later through the auction and issuance calendar.

The SGS bond or T-bill is issued 3 business days after the results are announced.

If your bid is successful

If your bid is successful, the bond or T-bill will be reflected in your CDP account after the issuance date. You will also receive a notice from CDP within 1 week of the issuance date.

For new SGS bonds, you will receive your first coupon payment 6 months from the bond's month of issue, on the first business day of the month.

For a reopened bond, you will receive the coupon payment on the bond's stated coupon payment date.

Learn more about receiving coupon payments.

If your bid is unsuccessful

If your bis is unsuccessful or invalid, the money will be refunded into the bank account used to make the application. The refund will be reflected in your bank account 1 or 2 days after the auction day.