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PR Newswire
16-07-2013, 10:44 AM
Shrinking Singapore bond sales seen creating value, OCBC says
Slumping sales of new corporate bonds denominated in Singapore dollars and yields jumping to a more than two-year high suggests opportunities for finding value, according to Oversea-Chinese Banking Corp.
Debt sales fell 49% to $8.6 billion in the first six months of this year from the same period of 2012, according to data compiled by the bank, Singapore’s third- largest. Average yields climbed to 3.38% on July 8, the highest since March 2011 and up from 2.47% on April 30, which was the lowest since July 2012, according to indexes compiled by HSBC Holdings Plc.
http://www.theedgesingapore.com/the-dail...-says.html
Slumping sales of new corporate bonds denominated in Singapore dollars and yields jumping to a more than two-year high suggests opportunities for finding value, according to Oversea-Chinese Banking Corp.
Debt sales fell 49% to $8.6 billion in the first six months of this year from the same period of 2012, according to data compiled by the bank, Singapore’s third- largest. Average yields climbed to 3.38% on July 8, the highest since March 2011 and up from 2.47% on April 30, which was the lowest since July 2012, according to indexes compiled by HSBC Holdings Plc.
http://www.theedgesingapore.com/the-dail...-says.html
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