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S'pore bond market sees novel transaction that reduces risk

Pacific International Lines effected an 'intermediated exchange' - a faster way to refinance bonds

"This new settlement mechanism brings much better efficiency to both investors and issuers and shortens the time to market significantly." - Samuel Chan, Standard Chartered head of capital markets, Singapore


THE Singapore bond market saw its first intermediated exchange of bonds this month, a novel transaction which reduces market risk exposure for issuers looking to refinance their debt before further interest rate hikes.

Singdollar bonds refinancing volumes are estimated to...

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