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

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.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Limit Debt Issuance Increase Government Securities Seeks Singapore Raise Market Investment

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 19:40:00 (19 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 861 words

Reading Time: 5 minutes read

Sentences: 41 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 23552541

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About The Straits Times

Main Topics: EconomyBusiness

Official Website: straitstimes.com

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Publisher ID: #25

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