Working group to review SGX retail bonds framework

Singapore

THE Hyflux saga has prompted questions on whether additional support is needed for retail investors in bond defaults. With that in mind, a fresh retail-bonds working group has been set up to review salient issues around retail-investor protection on this front.

The Singapore Exchange told The Business Times that tightening the admission criteria for retail bonds, introducing insurance coverage for bond issuers at the time of issuance to draw down on in times of default, and improving disclosures on bond issues are some of the key proposals that the working group would review.