Bond Maturity Date Singapore: What It Means for Investors

Bond Maturity Date Singapore: What It Means for Investors

A bond’s maturity date is when the issuer repays the full face value (principal) to bondholders and all interest payments cease. In Singapore, bond maturities range from 91-day T-bills to 30-year SGS bonds and perpetual corporate securities. Maturity directly determines duration, interest rate risk, and yield profile as at 2026.

This page is for informational purposes only and does not constitute financial advice.

Singapore Bond Maturities: From T-Bills to 30-Year SGS Bonds

Singapore investors can access fixed income instruments across a wide maturity spectrum:

Instrument Maturity Min Investment Notes
T-Bills (91-day) ~3 months SGD 1,000 Fortnightly auctions; CPF OA eligible
T-Bills (182-day) ~6 months SGD 1,000 Fortnightly auctions
Singapore Savings Bonds (SSB) Up to 10 years (redeemable anytime) SGD 500 No capital loss on early redemption
SGS Bonds 2, 5, 10, 15, 20, 30 years SGD 1,000 Tradeable on SGX secondary market
Corporate Bonds 3–10 years typically SGD 1,000–250,000 Higher yield, credit risk applies
Perpetual Securities No fixed maturity SGD 1,000+ Call date usually 5 years from issuance

How maturity affects risk: longer maturity = higher interest rate risk (duration). A 30-year bond’s price falls far more than a 91-day T-bill when interest rates rise by 1%. In 2023–2024, Singapore’s yield curve briefly inverted — short-term T-bill yields exceeded 10-year SGS yields — benefiting cash investors who locked in 3.5–4% on 6-month T-bills. Use our T-Bill, SSB & Fixed Deposit Calculator to compare current yields. Learn more in our guide to Yield to Maturity Singapore and Singapore Government Securities.

Frequently Asked Questions

What happens when a Singapore bond reaches its maturity date?
On maturity, the issuer repays full face value. For SGS bonds, principal is credited via CDP to your linked bank account. For Singapore Savings Bonds, redemptions are credited within a few business days of your request to the CPF Board portal.
Can I sell a Singapore bond before maturity?
SGS bonds and corporate bonds listed on SGX can be sold on the secondary market before maturity, but the price reflects current interest rates (you may sell at a loss if rates have risen). Singapore Savings Bonds are unique — they can be redeemed at full face value with no loss at any time.
What is the difference between bond maturity date and call date?
A maturity date is fixed — the issuer must repay principal. A call date is when the issuer has the option to redeem the bond early, common in callable corporate bonds and perpetual securities. If called, face value is repaid before the maturity date, typically when interest rates fall.
How long are Singapore T-bills and when do they mature?
Singapore T-bills mature in either 91 days (~3 months) or 182 days (~6 months). Issued fortnightly via auctions on the MAS website, proceeds are credited to your bank or CPF OA on maturity, making T-bills the shortest Singapore government instrument for retail investors.
Do Singapore Savings Bonds have a fixed maturity date?
SSBs have a maximum 10-year term but can be redeemed at any time with no capital loss. Interest is paid annually on a step-up schedule — higher rates in later years reward long-term holders. This makes SSBs effectively maturity-flexible compared to SGS bonds.

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