New rules relax prospectus burden for retail bonds from quality issuers
Temasek Holdings says it is 'open' to retail bond issuance and will explore new frameworks
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Singapore
SINGAPORE authorities have launched their latest effort to boost the retail bond market with long-discussed bond seasoning and exemption frameworks taking effect on Thursday that will allow good-quality issuers to sell debt to mom-and-pop investors without a prospectus.
The seasoning framework - which went through public consultations in September and December 2014 - will allow investors to buy wholesale bonds in denominations as small as S$1,000 on the Singapore Exchange (SGX) with only a product highlight sheet.
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