Singapore-dollar bond markets plunged 44% to record-low $3.5b in Q1

FCL’s $700m issue is the largest deal year-to-date.

Singapore-dollar bond markets plunged 44% to $3.5 billion in the first quarter, the lowest first quarter period for SGD issuance in terms of proceeds since 2009.

Data released today by Thomson Reuters showed that the largest deal so far this year is FCL Treasury’s $700m subordinated perpetual bonds guaranteed by its parent firm Frasers Centrepoint as part of its $3 billion multi-currency debt issuance programme.

Foreign issuers tapping the Singapore-dollar bond market raised $1.3 billion thus far, a 16% decrease compared to the first quarter of 2014, despite the 85.7% increase in number of Singapore-dollar denominated bond issuance.

Meanwhile, Asia Pacific’s collective local currency bond volume amounted to US$108.3 billion, where Singapore dollar bonds accounted for 2.4% of the market share.

Southeast Asia’s aggregate local currency bond offerings raised a total of US$9.4 billion, a 51.6% decline from the US$19.4 billion raised in the first quarter of 2014.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. 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