Singapore bond issuance hits record $44.6b in first nine months

DBS Group Holdings, UOB, and DBS Bank each issued $2.59b.

Singapore’s bond market notched its strongest year-to-date on record in the first nine months, with primary issuance reaching $44.55b—the highest since records began in 1980, according to LSEG’s Investment Banking Review.

Financial institutions dominated supply with $28.88b in new paper (64.6% share). Government & Agencies contributed $8.29b, while Real Estate issuers raised $2.07b.

Among the largest USD prints, DBS Group Holdings, UOB, and DBS Bank each issued $2.59b, alongside Temasek Financial (I) at $1.94b and OCBC at $1.30b.

On the DCM league table for Singapore-domiciled bonds, DBS led with $6.09b in credited volume (13.6% share), followed by OCBC ($4.36b) and UOB ($4.13b).

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