Singapore leads emerging East Asia in Q3 bond market growth

Singapore

EMERGING East Asia's local currency bond markets continue to expand, with Singapore's market the fastest-growing in the third quarter, the Asian Development Bank (ADB) has said.

In its latest Asia Bond Monitor released on Tuesday, it noted that cross-border bond issuances remained active, especially with China-based corporates selling debt in Hong Kong dollars and Singapore dollars.

Issuances in US dollars also reached a record.

The ADB said that the region's bond markets were resilient, but risks were rising; it noted that the faster-than-expected …