Issuance of New Government Bonds/Bills
MAS established a new Cash Management Treasury Bills programme
2 January 2021
As the Government’s issuing agent, MAS announced that it would be establishing a new Cash Management Treasury Bills programme, to expand the Government’s cash management toolkit and provide flexibility to raise cash quickly to meet any short-term cashflow mismatches.
The Ministry of Finance (MOF) launched a new SGS (Infrastructure) programme, which will be managed by MAS, to finance major long-term infrastructure
16 February 2021
DPM and Finance Minister Heng Swee Keat, as part of the Budget Statement, announced that the Government would be issuing a new category of Singapore Government Securities (SGS) – SGS (Infrastructure). Such securities would be issued under the proposed Significant Infrastructure Government Loan Act (SINGA), to finance spending on major and long-term infrastructure, such as new rail lines and infrastructure to protect Singapore against rising sea levels. Borrowing to finance major and long-term infrastructure would smoothen the upcoming hump in development expenditure and distribute the cost across generations who would benefit from improved infrastructure. Existing SGS issued under the Government Securities Act would be renamed SGS (Market Development). The Government would also issue green SGS (Infrastructure) for projects that meet the green criteria. MAS is the Government’s issuing agent.
- Deputy Prime Minister Heng Swee Keat’s 2nd reading speech, delivered on 10 May 2021, on the Significant Infrastructure Government Loan Bill
- Deputy Prime Minister Heng Swee Keat’s Facebook post, published on 5 April 2021, on introduction of the Bill for the Significant Infrastructure Government Loan Act (SINGA)
- Deputy Prime Minister Heng Swee Keat’s Budget Statement, delivered on 16 February 2021