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S'pore bond market sees novel transaction that reduces risk

Pacific International Lines effected an 'intermediated exchange' - a faster way to refinance bonds

Published Tue, Nov 21, 2017 · 09:50 PM

Singapore

THE Singapore bond market saw its first intermediated exchange of bonds this month, a novel transaction which reduces market risk exposure for issuers looking to refinance their debt before further interest rate hikes.

Singdollar bonds refinancing volumes are estimated to be S$15 billion in 2018 and S$11 billion in 2019.

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S'pore bond market sees novel transaction that reduces risk

Banking & Finance

Great Eastern chairman appeals for patience as shareholders fume over share price ‘disaster’

S&P Global first-quarter profit beats estimates on strong product demand

Thai banks cut rate for some borrowers after push from PM

Money laundering accused who faces 22 charges to plead guilty on May 14

BNP Paribas beats estimates as lower costs offset trading slump

Japan brokerage Daiwa’s Q4 profit more than doubles as markets recover

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