Why LTA Need To Raise Fund Selling Bonds Despite Reaping $Billions From ERP & COE?

[SNAblog]

I find it puzzling that despite reaping billions of dollars every month from fines, ERP charges and COEs, LTA is planning to raise more fund through domestic bond sales. Where have all the money gone to? Something is definitely not right here.

http://www.euroweek.com/Article/248...Transport-plans-return-after-seven-years.html

Singapore Land Transport plans return after seven years

The Land Transport Authority of Singapore is planning to sell its first domestic bond for seven years, and aims to make its return to the market in the middle of this month.

 

[makapaaa]

Re: Why LTA Need To Raise Fund Selling Bonds Despite Reaping $Billions From ERP & COE

Takings go to Ho Jinx? Debt goes to Sporns?

 

[NoNewsGood]

Re: Why LTA Need To Raise Fund Selling Bonds Despite Reaping $Billions From ERP & COE

I find it puzzling that despite reaping billions of dollars every month from fines, ERP charges and COEs, LTA is planning to raise more fund through domestic bond sales. Where have all the money gone to? Something is definitely not right here.

The money collected from ERP does not go to LTA. It goes straight to the treasury.

Same for ERP and fines.

 

[zuoom]

Re: Why LTA Need To Raise Fund Selling Bonds Despite Reaping $Billions From ERP & COE

huh? LTA selling bonds? who's buying?

 

[Cestbon]

Re: Why LTA Need To Raise Fund Selling Bonds Despite Reaping $Billions From ERP & COE

Ho Jinx need to clear bank loan. Just like property loan/HDB loan from bank need to pay back in installment. Cannot be default or there will be penalty/Temasek grade rating will drop. Same thing like Greece debt payment time coming.
Temasek keep on selling bond and CPF money payout keep on delay. Smell some rat.......

 

[UseYourBrain]

Re: Why LTA Need To Raise Fund Selling Bonds Despite Reaping $Billions From ERP & COE

huh? LTA selling bonds? who's buying?

James Bond

 

[UseYourBrain]

Re: Why LTA Need To Raise Fund Selling Bonds Despite Reaping $Billions From ERP & COE

Takings go to Ho Jinx? Debt goes to Sporns?

For singkies who are ungrateful to the regime for bring them up so they can experience the Greece effect. Inherit the debts later by younger singkies who always kpkb

 

[Papsmearer]

Re: Why LTA Need To Raise Fund Selling Bonds Despite Reaping $Billions From ERP & COE

The money collected from ERP does not go to LTA. It goes straight to the treasury.

Same for ERP and fines.

Yes, and Treasury will funnel it to GIC and Temasek for more "long term" investments.