Singapore bond issuance soars to a record high

Primary bond offerings rocketed 108% higher.

According to Thomson Reuters Singapore Debt Capital Markets 2012 Preliminary Review, primary bond offerings from Singapore-domiciled issuers witnessed a record volume of US$31.1 billion, as local companies tap both domestic and foreign bond markets to raise funds, soaring 108% higher than last year.

Here's more from Thomson Reuters:

Total bond proceeds during the fourth quarter of 2012 totaled US$3.8 billion, a 69.8% drop coming off from a record-high during the third quarter of 2012 (US$12.6 billion), but saw a 49.7% growth from fourth quarter of 2011.

Singaporean borrowers that tapped the US-dollar bond market raised US$10.8 billion in proceeds this year, a three-fold increase compared to the previous year, making it the best annual period ever in terms of value and number of new issues.

DBS topped the Singaporean-issued bonds underwriting this year, with related proceeds of US$6.4 billion from 47 new issues, up 75% from the previous year. According to estimates from Thomson Reuters/ Freeman Consulting Co., DBS booked an estimated US$19.3 million in fee revenues, a 41.5% increase from last year, and accounted for 19.8% of Singapore’s bond fee pool. Underwriting fees from bond issuance by Singaporean companies grew 87% to US$97.3 billion over the same period in 2011.



More From Singapore Business Review
 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3625+0.0036+0.26%
    USDSGD=X
    1.5276+0.0037+0.24%
    EURSGD=X
    1.7725+0.0042+0.24%
    GBPSGD=X
    74.5840+0.472+0.64%
    SGDJPY=X
    5.6890-0.0151-0.26%
    SGDHKD=X
    3.0223-0.0093-0.31%
    SGDMYR=X
    9,553.7480-7.8545-0.08%
    SGDIDR=X
    4.8904-0.0198-0.40%
    SGDCNY=X
    1.0450+0.0004+0.04%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,322.40-1.30-0.10%
    GCZ16.CMX
    19.16+0.03+0.18%
    SIZ16.CMX
    94.48-1.19-1.25%
    ^XAU
    2.19+0.01+0.32%
    HGZ16.CMX
    43.85+0.41+0.94%
    CLV16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.16+0.04
    ^FVX
    1.60+0.04
    ^TNX
    2.32+0.04
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.16+0.01+5.96%
    N21.SI
    0.112+0.003+2.75%
    40E.SI
    0.285+0.010+3.64%
    5ME.SI
    0.13+0.01+6.56%
    A50.SI
    0.107+0.002+1.90%
    40F.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.13+0.02+16.07%
    BEH.SI
    0.119+0.015+14.42%
    A7S.SI
    0.34+0.04+13.33%
    AYV.SI
    0.395+0.045+12.86%
    BQF.SI
    0.182+0.020+12.35%
    BGO.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.154-0.013-7.78%
    5WJ.SI
    0.16-0.01-5.88%
    5G1.SI
    0.185-0.011-5.61%
    B7K.SI
    0.100.00-4.76%
    42D.SI
    0.142-0.007-4.70%
    5AM.SI