S'pore nine-month bond issuance hits 4-year high

Singapore

PRIMARY bond offerings from Singapore-domiciled issuers hit US$21.5 billion to-date this year - the highest-ever first nine-month period for Singapore bond offerings since US$27.5 billion in 2012.

A Thomson Reuters debt capital markets report released on Wednesday showed that bond proceeds in 2016 rose more than 25 per cent from the first nine months of last year, as local companies tapped both domestic and offshore bond markets to raise funds.

The report noted that bond proceeds declined to US$5.3 billion during the third quarter of 2016, down 30.4 per cent from US$7.6 billion in the second quarter of 2016, though they grew by 20.6 per cent from…