SGD bond markets down 41.9% to $7.5b YTD

LTA’s $1.2b bond offering is 2018’s largest so far.

The total Singapore-dollar bond issuance declined 41.9% YoY to $7.5b (US$5.7b) so far this year, Thomson Reuters revealed.

Data revealed that the SGD bond market crashed by 63.9% QoQ to $2b (US$1.5b) during the second quarter of 2018 the as the number of primary issuances fell 30%.

Government & Agencies accounted for 41.4% of the market share, raising $3.1b in proceeds, up 122.5% from the first half of 2017.

Land Transport Authority’s $1.2b bond offering is the biggest SGD bond so far this year. State-owned Housing and Development Board (HDB) continued to tap the local bond market with three primary offerings worth a cumulative total of $1.6b (US$1.2b) in proceeds. In June, Temasek Holdings’ unit, through Astrea IV, priced its asset-backed securities worth $677.25m (US$501m).

The Financials sector accounted for 27.5% of the SGD bond market and totalled $2.1b (US$1.6b) so far this year. Real Estate followed behind with 22.3% market share.

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia