Singapore bond issuance reaches a record US$14.4b

DBS topped the Singaporean-issued bonds underwriting this year.

According to Thomson Reuters, bBolstered by last quarter’s record issuance in proceeds, primary bond offerings from Singapore-domiciled issuers totaled US$14.4 billion from 57 deals, as local companies tap the domestic and foreign bond market to raise funds.

Here’s more from Thomson Reuters:

Total bond proceeds increased 68.2% from the first half of 2011, despite the 50.1% decline this quarter to US$4.8 billion from US$9.6 billion during the first quarter of 2011.

Total offshore bond issuance witnessed a 147.6% growth during the start of this year compared to the first six months of 2011 as proceeds raised reached a record volume of US$6.8 billion – the highest semi-annual level in terms of proceeds raised by Singaporean offshore bond offerings.

DBS topped the Singaporean-issued bonds underwriting this year, with related proceeds of US$3.3 billion from 21 issues, up 67.1% from the same period last year. DBS booked US$12.2 million in fee revenues and captured 29.8% of Singapore’s bond fee pool. According to estimates from Thomson Reuters/ Freeman Consulting Co., underwriting fees from Singaporean issuers grew 57.3% to US$41.0 million this year from the comparative period in 2011.