Singapore mom-and-pop investors face losses as bond risks spread

This year's retail issues of Singdollar notes currently below par sales value

Published Wed, Aug 31, 2016 · 09:50 PM

Hong Kong

SINGAPORE millionaires stung by the misery of recent bond defaults now have company as the fallout threatens losses for mom-and-pop investors.

All four new issues of Singapore dollar-denominated notes targeted at individuals this year have dropped below the par sales value, as failures in the broader market stoke speculation that non-payments will spread.