Singapore seeks to raise issuance of Government securities to $1.5 trillion to grow CPF, local debt market

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The Straits Times 1w ago

Singapore seeks to raise issuance of Government securities to $1.5 trillion to grow CPF, local debt market - The Straits Times

Quick Summary:

The increase has no impact on the Government’s fiscal or net financial positions.

The proceeds from the issuance of Government securities and T-Bills under the GSA are invested, and are not used to fund Government spending.

The SGS market enables the growth of the corporate and retail debt market, as well as meets demand for high- quality liquid assets from financial institutions as the financial sector grows.“We will continue to monitor the market demand for such publicly-held debt instruments and will adjust the rate of issuance to meet this demand, if necessary,” Mr Chee said.