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
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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