Singapore's debt market consists of public and private sector bonds.

Singapore Government Securities (SGS) comprise marketable short-term treasury bills (SGS bills) and bonds (SGS bonds) as well as a non-marketable SGS bond.

SGS treasury bills are short-term government securities maturing in one year or less from issuance, and are issued at a discount price.

SGS bonds are long-term debt securities (usually with maturities of 2-, 5-, 7-, 10-, 15-, or 20 years) that pay fixed semi-annual coupons.

Non-marketable SGS bonds are floating rate bonds issued specifically to the Central Provident Fund Board to meet its interest and obligations.

The Singapore corporate market uses a wide range of debt structures that include fixed- and floating-rate notes, asset-backed securities (ABS), equity-linked notes, mortgage-backed securities (MBS), and many other structured products.

The structured note market continues to grow and comprises about half of outstanding corporate issuance. The number of Special Purpose Vehicles (SPVs) illustrates the importance of structured notes to the Singapore dollar market.

The commercial mortgage-backed securities (CMBS) market has taken off largely through real estate investment trusts (REITs), which have been large issuers of CMBS. REITs offer investors access to a portfolio of property assets including commercial, retail, industrial and residential properties; and usually pay a dividend based on net proceeds from the property portfolio, rather than a coupon.