Record S$96b long-term corporate debt issued in Singapore for 2018

Surge driven by non-SGD denominated securities, as Asian issuers sought to raise global capital to drive growth: MAS

Sharanya Pillai

Published Fri, Oct 11, 2019 · 09:50 PM

Singapore

A RECORD volume of S$96 billion in long-term corporate debt was issued in Singapore last year, up 7.8 per cent from the previous year, the Monetary Authority of Singapore (MAS) noted in its Singapore Corporate Debt Market Development 2019 report on Friday.

This growth was driven by non-SGD denominated long-term corporate debt securities, as Asian issuers sought to raise international capital to finance regional and global growth.

For instance, Petron Corporation, the Philippines' largest integrated oil refining and marketin…