Document background
Government Promissory Notes are essential instruments in Singapore's public sector financing framework. These notes are issued when government agencies need to raise funds for specific projects or general funding purposes. A Government Promissory Note includes critical information such as the principal amount, interest terms, maturity date, and payment obligations. It must comply with the Government Securities Act and related Singapore regulations, with the Monetary Authority of Singapore (MAS) typically acting as the registrar. These instruments are particularly important for debt management and can be traded in secondary markets.
