Offshore services company KTL Global has agreed to issue S$5.35 million in five-year, zero-coupon convertible bonds to a Chinese investment firm to raise money for growth and expansion, according to filings on the Singapore Exchange on Monday (March 4).
Temasek is planning to offer new five-year bonds with a first-time public offer tranche for mom-and-pop investors, the state investment firm announced on Tuesday (Oct 16).
China’s efforts to open up its domestic bond market, the world’s third largest, are starting to pay off, by pulling in foreign investors drawn to relatively high yields in a newly stable currency.
THE unrelenting selloff in China's US$9 trillion onshore bond market last year caused deep angst among investors. That performance is far from enticing as the country aims to further open up this market, the world's third largest, through initiatives such as the Bond Connect programme.
Europe is proving particularly fertile ground for digital primary markets because there’s more competition among banks, and electronic trading is more popular than in the U.S.
The boom in Asia's dollar bond market is ratcheting up a notch, with companies seeing more than five times as much demand as debt being sold during the first month of this year.
What will happen to the spread on bonds when MiFID II takes effect and research and trade costs are separated? And what about the bond market in general? AMWatch puts five questions to Simon Fasdal, Head of Fixed Income at Saxo Bank, about the post-MiFID II world.
