US-dollar bonds winning larger share of Singapore's debt financing pie
More competitive credit spread in US bond market makes it cheaper for Singapore-listed entities to raise money
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Singapore
LISTED companies in Singapore are increasingly tapping the US dollar (USD) bond market as they raise funds to strengthen their balance sheets amid the Covid-19 outbreak.
Companies commonly turn to debt capital markets to raise money in uncertain times, investor appetite permitting. The entities listed on the Singapore Exchange (SGX) have predominantly issued bonds denominated in Singapore dollars (SGD).
In 2008, when the global financial crisi…
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