Strong Q1 euro-bond offerings from Singapore firms

Singapore

Bond proceeds raised by Singapore-based issuers so far this year were up 7.7 per cent from a year ago at US$6.6 billion, boosted by interest in euro-denominated funding, data from Thomson Reuters on Wednesday showed. This is the highest first-quarter figure since 2013's US$7.6 billion.

The preliminary first-quarter review showed that euro-denominated bonds issued by Singapore companies hit US$3.1 billion, about five times that of US$634.6 million in the first quarter of 2015. These included the euro debut of Temasek Holdings and United Overseas Bank (…