What is the difference between SDL, T-bills, and G-secs?

1. Basis:

Treasury-Bills (T-bills):

Maturity: Less than 1 year (91 days, 182 days, and 364 days).

Interest: Does not carry an interest component.

Investment value: Issued at a discount to par value, redeemed at actual value upon expiry.

Government Bonds (G-secs):

Maturity: Long-dated maturities.

Interest: Paid twice a year to the primary bank account linked with TradeJini.

Investment value: Investments can be made at a discount, par value, or premium.

State Development Loans (SDL):

Maturity: Long-dated maturities.

Interest: Paid twice a year to the primary bank account linked with TradeJini.

Investment value: Investments can be made at a discount, par value, or premium.

2. Maturity:

Treasury-Bills (T-bills):

Less than 1 year (91 days, 182 days, and 364 days).

Government Bonds (G-secs):

Long-dated maturities.

State Development Loans (SDL):

Long-dated maturities.

3. Basis:

Treasury-Bills (T-bills):

Interest: Does not carry an interest component.

Government Bonds (G-secs):

Interest: Paid twice a year to the primary bank account linked with TradeJini.

State Development Loans (SDL):

Interest: Paid twice a year to the primary bank account linked with TradeJini.

4. Investment value:

Treasury-Bills (T-bills):

T-bills are issued at a discount to par value, and upon expiry, they are redeemed at their actual value.

Government Bonds (G-secs):

Investments can be made at a discount, par value, or premium.

State Development Loans (SDL):

Investments can be made at a discount, par value, or premium.