SGX's proposed bond framework needs demand to stand on
Crucial to generate stronger demand from investors and issuers
THE current lacklustre retail bond market suggests that the Singapore Exchange will have to do more than just create a new platform if it wants its proposed bond seasoning framework to succeed.
The challenge lies in generating stronger demand, not just from investors, but also from issuers.
The proposed framework will allow issuers to offer bonds to retail investors if that bond series had already been offered to institutional investors for a "seasoning" period of at least six months. Issuers who take this route will not have to issue a prospectus for the retail offering.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
LMIRT Q1 net property income dips 3.1% to S$30 million on higher expenses
Exxon misses on Q1 profit despite big gains in Guyana
US FDA approves Pfizer’s gene therapy for rare bleeding disorder
Chevron's quarterly profit beats estimates
EU toughens rules on Chinese fashion retailer Shein
Keppel prices 70 million euros of floating-rate notes due 2031