SGX, Thomson Reuters launch bond indices

THE competition for Singapore bond benchmarks is heating up with a new set of indices created through a collaboration between Singapore Exchange (SGX) and Thomson Reuters.

The Thomson Reuters/SGX Singapore Fixed Income indices will track Singapore-dollar corporate and sovereign debt using Thomson Reuters' independent pricing service.

"Asian companies are listing a record amount of bonds on Singapore Exchange and we are the listing venue of choice for any fixed income deals that take place in Asia," SGX president Muthukrishnan Ramaswami said in a statement. "With the launch of the bond indices, we aim to increase transparency and improve the price discovery process for investors. This is another key milestone for both retail and institutional investors seeking diversified multi-asset exposure through the Singapore market."