Check out why Singapore's bond issuance hits record high

Bond offerings rose a whopping 116.4%.

According to Thomson Reuters, primary bond offerings from Singapore-domiciled issuers witnessed a record volume of US$26.9 billion, as local companies tap both domestic and foreign bond markets to raise funds, up 116.4% from the first nine months of 2011.

Here's more from Thomson Reuters:

Total bond proceeds during the third quarter of 2012 totaled US$12.2 billion, a 140.5% increase from the second quarter of 2012 (US$5.1 billion) and a 214.5% growth over third quarter of 2011, making it the highest quarterly volume on record.

Total offshore bonds issuance grew 326.1% during the first nine months of 2012 compared to the same period last year as proceeds reached US$14.9 billion – the highest year-to-date level in terms of value for Singapore international bond offerings.

DBS topped the Singaporean-issued bonds underwriting this year, with related proceeds of US$6.2 billion from 43 new issues, up 117% from the comparative period last year.

According to estimates from Thomson Reuters/ Freeman Consulting Co., DBS booked US$19.4 million in fee revenues, or 19.7% of Singapore’s bond fee pool. Underwriting fees from Singaporean bond issuance grew 175.2% to US$98.7 million this year over the same period in 2011. 

Driven by bond issuance from banks, total proceeds from the Financials sector grew 176.6% to US$14.3 billion from the first nine months of 2011. Financials (US$14.3 billion) captured 53.2% of the total proceeds raised by Singaporean borrowers, where OCBC Bank (excluding issuance from subsidiaries) accounted for 10.8% of the sector’s market share.

Meanwhile, corporate issuance (excluding Financials) raised total proceeds worth US$9.8 billion, up 117.8% from the same period last year, or 36% of the market share

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

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.