Singapore eyes issuance cap hike for government bonds

It proposes $200b rise to $690b through 2022.

Singapore is seeking parliamentary approval to raise the ceiling for issuing government bonds to S$690 billion ($491.5 billion), an increase of S$200 billion, until 2022.

The bulk of the increased amount is expected to be issued to the state Central Provident Fund (CPF) for its investment needs, Indranee Rajah, senior minister of state for law and finance, said in parliament.

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