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Why are there no coupon payments for my T-bills?
mas
Source: https://www.mas.gov.sgThere are no coupon payments for T-bills.
Instead, T-bills are issued at a discount to the face (par) value. Face/par value refers to S$100 in principal amount of the T-bills applied for. The discount rate of the T-bills is the cut-off yield at the auction. The interest is paid at maturity and is the difference between the purchase price and the face value.
This information provided here is sourced from the MAS website.
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