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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

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

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    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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