PERPETUAL BONDS

Share of perps in bond issues hits 6-year low as demand, yields dip

Pandemic has crimped growth outlook for many Singapore firms; cheaper funding widely available; investors also wary of defaults

Tue, Oct 06, 2020 - 5:50 AM

Lee Meixianleemx@sph.com.sg@LeeMeixianBT

DBS Bank's Mr Lee says high-yield issuance has fallen and the market is dominated by investment-grade issuances.

PHOTO: DBS

Singapore

PERPETUAL bond (perp) issuances have fallen to a six-year low as a percentage of total bond issuances in the Singapore market, making up just 10 per cent of the total market share year to date compared to close to 30 per cent in 2019.

Over the last decade, perp issuances...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes

Share of perps in bond issues hits 6-year low as demand, yields dip

Billionaire wealth reaches new high during Covid-19 pandemic: UBS

Japan's shared workspace provider sees opportunity in Tokyo's shrinking offices

Fauci says White House Covid-19 infections could have been prevented

US lawmakers detail Big Tech's market abuses and press for strict reform

Covid-19 vaccine may be ready by year-end: WHO's Tedros

No overseas December holidays this year as borders stay mostly shut: Ong Ye Kung

Retrenchments hit 4.9 per 1,000 local employees in H1

Singapore plans Air Travel Bubbles for general travellers to revive Changi air hub

Standard testing protocols the way to open borders: Airbus Asia-Pac chief

Broker's take: DBS says 'relook 2020 winners', reduce exposure to supermarkets, glove makers

Share of perps in bond issues hits 6-year low as demand, yields dip

To continue reading

RECOMMENDED FOR YOU