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Singapore has one of the most developed bond markets in Asia. Based on MAS’ corporate debt market review, the market capitalisation was about SGD357 billion in 2011, of which about two-thirds were in SGD and the rest mostly in US dollars.
The SGD bond market is made up of Singapore Government Securities (SGS), quasi-government bonds, corporate bonds, and structured securities. The SGD bond market is fully accessible to all issuers and investors globally. There are no capital controls, hedging restrictions, or withholding taxes. As a result, the market’s profile is international in nature, with foreign entities accounting for more than a quarter of bond issuance. regulations were fine-tuned in 2009 to qualify high-grade securities issued by foreign entities as regulatory liquid assets. Since then, there has been an increase in issuances by well known AAA-rated foreign issuers such as the African Development Bank, kfW Bankengruppe, International Finance corp (IFc), and International Bank for reconstruction & Development (IBrD).
SGS is a major component of the SGD bond market. over the years, SGS has grown steadily from SGD43.2 billion outstanding in 2000 to SGD138.5 billion in 2011.
|02/09/2020||Moody's Investors Service affirms Singapore at "Aaa" (LT- foreign currency credit rating); outlook stable|
|02/09/2020||Moody's Investors Service affirms Singapore at "Aaa" (LT- local currency credit rating); outlook stable|
|17/08/2020||Fitch Ratings affirms Singapore at "AAA" (LT Int. Scale (foreign curr.) credit rating); outlook stable|
|17/08/2020||Fitch Ratings affirms Singapore at "AAA" (LT Int. Scale (local curr.) credit rating); outlook stable|
|14/07/2020||Cbonds has prepared the league table for investment banks – the arrangers of Singapore bonds for 1H 2020|