Rescue deals lift 2020 equity fundraising to 10-year high
All in, S$12b raised via private placements, preferential offerings and rights as debt took different trajectory with SGD bond volumes down 26% to S$17.8b amid market volatility
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Singapore
THE jumbo rights issue for Singapore Airlines (SIA) and Sembcorp Marine, as well as fundraising by Singapore real estate investment trusts (S-Reits) for mega asset acquisitions last year pushed secondary equity fundraising in 2020 to a whopping S$12 billion - the highest in a decade.
And this momentum is likely to continue, investment bankers say, even with fewer rescue deals expected as the economy recovers.
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