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FINANCIAL SERVICES | Staff Reporter, Singapore
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Chart of the Day: US dollar issuances lead Singapore's debt market

The local currency lags behind it with a share of 10.6%.

This chart from the Monetary Authority of Singapore shows that US dollars remained as the primary currency of issuance, as it accounted to 76.5% of total issuance volumes in 2017.

Following the US dollar, the Singaporean dollar placed second in the largest currency issuance, with a share of 10.6%.

MAS noted that many issuers also issued multiple currencies, as in the case of Nomura International Funding which issued over $4.9b in 12 different foreign currencies, including euros, Korean won, and Australian dollars.

In total, non-SGD debt issuance accounted for 89.4% or $232b of total debt issuances in 2017.

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