Introduction and options of T-bills
What’s the T-bill?
T-bills are short-term, tradable debt issued by the Singapore authorities.T-bills have a maturities of 1 yr or much less.
What’s the distinction between T-bill to SGS Bonds?
SGS bonds have a maturity of two to 30 years, whereas T-bills have a shorter maturity of 6 or 12 months.SGS bonds pay curiosity each 6 months. T-bills don’t have coupon funds; as a substitute they’re issued at a reduction to the face worth of the bond. You may learn extra in regards to the distinction right here!
| SGS bonds | T-bills | |
| Obtainable tenor | 2, 5, 10, 15, 20, 30 or 50 years | 6 months or 1 yr |
| Sort of rate of interest fee | Fastened coupon | No coupon; issued and traded at a reduction to the face (par) worth |
| How typically curiosity is paid | Each 6 months, ranging from the month of subject | At maturity |
| Secondary market buying and selling | At DBS, OCBC or UOB essential branches; on SGX by means of brokers | At DBS, OCBC or |
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