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PR Newswire
05-10-2013, 09:51 PM
Singapore accredited investors have more appetite for junk bonds, comparing with the peers in the region...
S’pore becomes a destination for junk bonds
SINGAPORE — Companies in South-east Asia are looking at Singapore as a viable alternative for high-yield bond issues in amounts that would be too small for US dollar investors, according to IFR, a Thomson Reuters publication.
The push comes as so-called junk bonds became a predominant theme this year in the Singapore market, with a record number of small-cap and sub-investment grade companies selling debt in the city, attracting investor interest by offering juicy coupons.
Data from Thomson Reuters showed that close to S$5 billion of high-yield deals were done to date this year, compared with an estimated S$4.4 billion and S$3 billion in 2012 and 2011. Many of these deals were for amounts smaller than US$100 million (S$124.7 million), too small for the US dollar market.
...
http://www.todayonline.com/business/spor...junk-bonds
S’pore becomes a destination for junk bonds
SINGAPORE — Companies in South-east Asia are looking at Singapore as a viable alternative for high-yield bond issues in amounts that would be too small for US dollar investors, according to IFR, a Thomson Reuters publication.
The push comes as so-called junk bonds became a predominant theme this year in the Singapore market, with a record number of small-cap and sub-investment grade companies selling debt in the city, attracting investor interest by offering juicy coupons.
Data from Thomson Reuters showed that close to S$5 billion of high-yield deals were done to date this year, compared with an estimated S$4.4 billion and S$3 billion in 2012 and 2011. Many of these deals were for amounts smaller than US$100 million (S$124.7 million), too small for the US dollar market.
...
http://www.todayonline.com/business/spor...junk-bonds
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