debt capital markets

ESG INSIGHTS

Issue 189: Carbon tax in an energy crisis; Singapore good timing on green bonds

This week in ESG: Singapore’s carbon tax may have room for relief; Reopened 30-year Singapore green bonds yield 2.57 per cent

Bond traders have flocked to markets with stronger buffers against energy‑driven inflation shocks, including Malaysian sovereign bonds.
ASEAN BUSINESS

Amid an emerging market bond sell-off, traders eye attractive Asean moves

Malaysia and Philippine debt could see inflows, but Iran conflict may keep credit conditions fragile

Harita Nickel’s emissions have been increasing since 2022 while its share of renewable power has been falling.
ESG INSIGHTS

Issue 184: OCBC hit by coal complaint; Parkway Life Reit secures green, social debt

This week in ESG: Bank under fire for loans to Harita Nickel; healthcare-focused Reit adds S$142 million of sustainable financing

If interest rates remain around current levels and global growth stays resilient, bankers are confident that the momentum seen in 2025 can continue into the next year.
OUTLOOK 2026

Recovery in investment banking activity likely to continue into 2026 amid positive macro environment

Singapore IPO pipeline expected to be even stronger in the coming year

There are more hedging instruments now – including corporate bond exchange-traded funds – plus credit markets themselves have become more liquid as more bonds trade electronically.

AI debt explosion has traders searching for cover

Banks and money managers are trading more derivatives that offer payouts if individual tech companies default on their debt

More Vietnamese conglomerates are likely to seek new business undertakings in infrastructure such as transport projects, amid a government push to upgrade.

Philippine, Vietnam conglomerates to invest US$185 billion in fresh ventures over next decade

Strategic national goals in renewable energy and infrastructure will underpin new business areas: S&P Global Ratings

The Singapore yield curve is the steepest since the 50-year sovereign green bond was first launched in 2022.
ESG INSIGHTS

Issue 165: All eyes on Singapore’s green bond auction; a call for insurance consistency

This week in ESG: Singapore reopens S$1 billion of 50-year green bonds; insurance companies’ split personality on climate risk

US Federal Reserve chairman Jerome Powell has signalled a quarter-point rate cut when the Fed meets this month. Yields on the 10-year notes may climb after that, resulting in pricier debt sales for countries and companies.

Emerging markets rush to debt markets to grab risk-on moment

Some financial strategists raise their forecasts for EM sovereign debt issuance, now expecting a record year for the asset class

Singapore continued to be an attractive funding destination for global corporates in 2024, says MAS.

Singapore new corporate debt issuance up 34% at S$308 billion in 2024

Financial institutions remain the leading issuers across both Singdollar and non-Singdollar bonds

Bond markets penalise companies that stay on track for their climate targets, an MSCI analysis shows.
ESG INSIGHTS

Issue 157: Bond markets penalising decarbonisation; Pictet AM eyes adaptation, water investments

This week in ESG: MSCI analysis finds higher spreads for emissions-cutting firms; Pictet sees megatrends in climate change, power demand