debt capital markets

OUTLOOK 2026

Recovery in investment banking activity likely to continue into 2026 amid positive macro environment

Singapore IPO pipeline expected to be even stronger in the coming year

There are more hedging instruments now – including corporate bond exchange-traded funds – plus credit markets themselves have become more liquid as more bonds trade electronically.

AI debt explosion has traders searching for cover

Banks and money managers are trading more derivatives that offer payouts if individual tech companies default on their debt

More Vietnamese conglomerates are likely to seek new business undertakings in infrastructure such as transport projects, amid a government push to upgrade.

Philippine, Vietnam conglomerates to invest US$185 billion in fresh ventures over next decade

Strategic national goals in renewable energy and infrastructure will underpin new business areas: S&P Global Ratings

The Singapore yield curve is the steepest since the 50-year sovereign green bond was first launched in 2022.
ESG INSIGHTS

Issue 165: All eyes on Singapore’s green bond auction; a call for insurance consistency

This week in ESG: Singapore reopens S$1 billion of 50-year green bonds; insurance companies’ split personality on climate risk

US Federal Reserve chairman Jerome Powell has signalled a quarter-point rate cut when the Fed meets this month. Yields on the 10-year notes may climb after that, resulting in pricier debt sales for countries and companies.

Emerging markets rush to debt markets to grab risk-on moment

Some financial strategists raise their forecasts for EM sovereign debt issuance, now expecting a record year for the asset class

Singapore continued to be an attractive funding destination for global corporates in 2024, says MAS.

Singapore new corporate debt issuance up 34% at S$308 billion in 2024

Financial institutions remain the leading issuers across both Singdollar and non-Singdollar bonds

Bond markets penalise companies that stay on track for their climate targets, an MSCI analysis shows.
ESG INSIGHTS

Issue 157: Bond markets penalising decarbonisation; Pictet AM eyes adaptation, water investments

This week in ESG: MSCI analysis finds higher spreads for emissions-cutting firms; Pictet sees megatrends in climate change, power demand

In June, money managers pulled US$3.9 billion from Treasuries, while adding US$10 billion to European and US investment-grade corporate debt.

Rising fiscal deficits drive billions into credit

[NEW YORK] Investors are showing signs of pulling money out of government bonds and ploughing it into US and European company debt.

The US economy faces long-term economic issues that are denting the appeal of US financial assets.

Asia will both drive and gain from dollar asset diversification

Reports of rising inflows into Asian local debt markets suggest the shift may already be underway

The "debt-for-nature" swaps have gained traction in recent years, with deals involving the Galapagos Islands, coral reefs and the Amazon rainforest (above).

US climate pullback threatens planned debt-for-nature deals

A US agency that is a key player of such swaps has been criticised by its CEO-in-waiting Ben Black and government efficiency chief Elon Musk