SGX launches some bond market initiatives to spur growth in listings

By Jennifer Chiou

New York, Aug. 5 - The Singapore Exchange announced the introduction of its first initiatives to enhance the listing, trading and distribution of fixed-income products.

According to an SGX release, these initiatives include drawing more Singapore-listed companies and other organizations to issue bonds for listing and trading, part of its goal to build a more vibrant bond market in Asia.

A total 1,229 bonds are currently listed on SGX, the release said.

SGX said it will also encourage the listing and trading of preference shares and convertible bonds.

The Exchange also plans to halve the time it takes to approve bond listings by streamlining the processes.

The release added that by the first quarter of next year, SGX expects to offer an on-exchange secondary market for individual and institutional investors to trade Singapore Government Securities.

SGX also said it appointed Tng Kwee Lian as senior vice president and head of fixed income. She comes from UOB Asset Management, where she was head of Asian fixed income.

Questions may be directed to Carolyn Lim (65 6236 8139 or carolyn.lim@sgx.com) or Joan Lew (65 6236 8658 or joan@sgx.com).

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