Singapore market a source of funds for junk bond issuers

Singapore

COMPANIES in South-east Asia are looking at Singapore as a viable alternative for high-yield bond issues in amounts that would be too small for dollar investors.

The push comes as so-called junk bonds became a predominant theme this year in the Singapore market, with a record number of small-cap and sub-investment grade companies selling debt in the Lion City, attracting investor interest by offering juicy coupons.