Asia's securitisation market in its infancy
IT'S still early days for Asia's asset-backed securities (ABS) market, even as banks in Singapore are set to issue covered bonds, said industry players at a conference by the Asia Securities Industry and Financial Markets Association on Wednesday.
"We still see a lot of work ahead," said Khoo Boo Hock, vice-president, operations, at Credit Guarantee & Investment Facility, which offers credit guarantees for local currency denominated bonds issued by investment grade companies in Asean. "There are some markets where the bond market is new."
Banks and other companies package assets such as mortgages or trade receivables into securities that yield a cash payment reflecting the credit quality of the underlying assets, which are then sold to investors.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Gold holds steady as investors focus on US Fed meeting
Singapore shares open in the red on Tuesday; STI down 0.3%
Huawei’s pivotal role in the US-China tech war, from 5G to chips
CDL Hospitality Trusts reports 6.8% higher Q1 net property income of S$34.9 million
Starhill Global Reit posts 0.9% lower Q3 net property income of S$37.7 million
Binance and CZ’s fortunes are set to grow, jail or no jail