MAS scheme to help bond issuers offset credit-rating fees

Singapore

ASIAN and Singapore bond issuers will get help to offset credit-rating fees, said the Monetary Authority of Singapore (MAS) as it tries to raise the quality of bonds sold here.

Qualifying Asian issuances will be able to offset up to 50 per cent of one-time issuance costs such as credit-rating fees, said Jacqueline Loh, MAS's deputy managing director, on Thursday.

For Singapore-dollar bonds, only rated issuances would be eligible under the Asian Bond Grant scheme, she said.

MAS will be prov…