Chart from LSEG

Financials sector dominates Singapore bond offerings

The sector raised US$3.5b in 1Q24.

Singapore-domiciled issuers raised US$6.7b from primary bond offerings in 1Q24, translating to a 6.9% YoY decline.

The financials sector was the largest contributor to the debt capital markets in 1Q24, with US$3.5b (-28.6 % YoY) proceeds raised, capturing a 52.0% market share.

Government & Agencies followed behind, accounting for 19.9% market share, raising US$1.3b in proceeds (-16.4% YoY).

In the same quarter, the London Stock Exchange Group (LSEG) saw four green, social, sustainability & sustainability-linked bond offerings. 

The ESG-related bonds raised US$1.1b, accounting for 16% of Singapore-issued bond proceeds in 1Q24.

Amongst companies, DBS Group led the Singapore-domiciled bonds underwriting league table with US$1.14m in related proceeds, capturing 16.8% market share.

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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
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Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley