Chart of the Day: First-time issuances in Singapore's debt market inched up 43% to 63

Amongst the first-time issuers are Parkway Pantai which issued a US$500m senior perpetual bond.

Issuances in Singapore's debt market rebounded from its declining trend over the past few years as first-time issuances grew 41% to 63 in 2017 from 37 in 2016 whilst repeat issuances jumped 21% to 103 in 2017 from 85 in 2016, the Monetary Authority of Singapore (MAS) revealed.

"Many of these issuers had tapped on the Asian Bond Grant Scheme introduced by MAS in 2017," the agency said. 

Amongst the first-time issuers are Parkway Pantai which issued a US$500m senior perpetual bond. Meanwhile, Olam International has tapped Singapore's debt market for over a decade and has raised $1.4b in 2016 and $1b in 2017.