SGD bond issues buck regional trend in H1 to hit S$11.6b as banks tap favourable conditions
SINGAPORE dollar-denominated bond issuances remained resilient in the first half of 2022 despite the challenging macroeconomic environment of inflation and tightening monetary policy, and there are suggestions demand could continue to be steady.
Market participants said volumes rose around 6 per cent compared to H1 2021, which was a better performance than that of G3 (USD, yen and euro bonds) issuance volume across Asia ex-Japan.
Foreign financial institutions (FIs) raising SGD debt have been among the drivers of activity, and the issuance momentum could carry through for the rest of the year.
“The rising rates experienced by the market so far, and expectations of more… rate hikes to come, are seeing SGD bond issuers still active in tapping the market with more …
GET BT IN YOUR INBOX DAILY
Start and end each day with the latest news stories and analyses delivered straight to your inbox.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Malaysia weighs casino license to revive Forest City
Frasers Centrepoint Trust posts 1.8% drop in H1 DPU to S$0.06022
TSMC says ‘A16’ chipmaking tech to arrive in 2026, setting up showdown with Intel
US seeks 36 months’ jail for Binance founder Zhao
Keppel’s Q1 revenue down 6.3% to S$1.5 billion; net profit up with exclusion of legacy O&M assets
Cisco says hackers subverted its security devices to spy on governments