Market perks up for investment-grade Singapore-dollar perpetual bonds
Data from DBS shows S$5.45b has been raised from 17 perp issuances this year, already exceeding the S$1.9b raised across 11 deals in 2020
Claudia Tan HS
Singapore
COMPANIES are taking advantage of tighter credit spreads and low interest rates to issue perpetual bonds, and industry players say the market demand for these bonds is strong despite some past problems.
Data from DBS as at Sept 17 showed S$5.45 billion had been raised from 17 perp issuances this year, already exceeding the S$1.9 billion raised across 11 deals in 2020.
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