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CFA SINGAPORE INSIGHTS

SGD bond market: Look before leaping in 2020

There could be pockets of defaults as bank lending continues to be selective and certain issuers are facing stretched liquidity

THE S$170 billion SGD bond market (excluding government bonds) performed firmly in 2019. Total new issuances in 2019 were 11.9 per cent higher year-on-year at S$24.1 billion across 89 issues, compared to the new issuance volume of S$21.5 billion in 2018 across 92 issues.

The larger crop...