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Hive of activity in bond market from mid-caps

They capitalise on low interest rates, locking in funding before money becomes more costly

Singapore

SINGAPORE mid-caps are seizing on the low interest rates to issue more bonds, locking in funding before money becomes more expensive.

Their increased activity on the debt market, up some 50 per cent over last year, has taken up some of the slack from reduced bonds sales by their bigger cousins. "Mid-cap volume is the biggest ever," said Clifford Lee, head of fixed income at DBS bank.

Year-to-date, there have been 43 bond sales by mid-caps handled by the top five arrangers and valued at $2.38...

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