Singapore bonds issuance hits record high in 4Q12

Proceeds up 49.7% YoY.

According to Thomson Reuters, 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. 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. 

Here's more from Thomson Reuters:

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

--

Get stories like this on the Yahoo app and discover more every day.
Download it now.
Loading...
 
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 MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.166-0.001-0.60%
    N21.SI
    0.155+0.003+1.97%
    AFC.SI
    0.189-0.006-3.08%
    SK3.SI
    0.43-0.01-2.27%
    E5H.SI
    0.37-0.01-2.63%
    5ME.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.285+0.035+14.00%
    AYV.SI
    0.41+0.03+9.33%
    BJV.SI
    0.235+0.020+9.30%
    40D.SI
    0.30+0.02+7.14%
    5PC.SI
    0.225+0.015+7.14%
    I07.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.245-0.095-27.94%
    I06.SI
    0.08-0.03-24.53%
    AWO.SI
    0.18-0.02-9.55%
    AZT.SI
    0.199-0.021-9.55%
    G10.SI
    0.112-0.011-8.94%
    5AM.SI

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.4186+0.0003+0.02%
    USDSGD=X
    1.5232-0.0028-0.18%
    EURSGD=X
    1.8035-0.0015-0.08%
    GBPSGD=X
    80.2920+0.10+0.12%
    SGDJPY=X
    5.4646+0.00010.00%
    SGDHKD=X
    3.1253-0.0096-0.31%
    SGDMYR=X
    9,460.9395-37.8545-0.40%
    SGDIDR=X
    4.8477-0.002-0.04%
    SGDCNY=X
    1.0579-0.0017-0.16%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,173.40-0.60-0.05%
    GCZ16.CMX
    16.76-0.06-0.35%
    SIZ16.CMX
    82.58-0.21-0.25%
    ^XAU
    2.67-0.02-0.60%
    HGZ16.CMX
    50.60-1.19-2.30%
    CLF17.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.83-0.01
    ^FVX
    2.380.00
    ^TNX
    3.07+0.01
    ^TYX