Share of perps in bond issues hits 6-year low as demand, yields dip

Singapore

PERPETUAL bond (perp) issuances have fallen to a six-year low as a percentage of total bond issuances in the Singapore market, making up just 10 per cent of the total market share year to date compared to close to 30 per cent in 2019.

Over the last decade, perp issuances have comprised about 16 per cent of total bond issuances in Singapore.