Moscow Exchange opens bond trading to foreigners from ‘not hostile’ countries

MOSCOW (NYTIMES) – Russia has taken another step to ease restrictions that it adopted to protect its economy and financial markets from sanctions and other consequences of its invasion of Ukraine. Beginning on Monday (Aug 15), investors from “countries that are not hostile” will be allowed to trade in Russia’s bond market, the Moscow Exchange said. […]

Debt issuers wonder if ESG label is worth it as scepticism spreads

LONDON (BLOOMBERG) – Bond issuers appear to be reviewing the merits of tapping the environmental, social and governance (ESG) debt market, based on an assessment that the lower financing costs the label generally brings are not worth the risk of being exposed to greenwash accusations. “There are a number of issuers that are reconsidering the cost-benefit […]

askST: What you need to know before applying for Singapore’s first sovereign green bond

SINGAPORE – Retail investors can apply to purchase Singapore’s first sovereign green bond from Friday (Aug 5) until noon on Aug 10. The 50-year Green Singapore Government Securities (Infrastructure), or Green SGS (Infra), was priced to yield 3.04 per cent, with a coupon rate of 3 per cent per annum, the Monetary Authority of Singapore […]

MAS launches first sovereign green bond, aims to raise up to $2.4b with 50-year debt

SINGAPORE – Singapore’s central bank looks to raise between $1.9 billion and $2.4 billion with its first sovereign green bond issuance, according to a notice issued on its website on Thursday (Aug 4). The Green Singapore Government Securities (Infrastructure), or Green SGS (Infra), has a tenor of 50 years – the first time the Singapore […]

MAS to launch S’pore’s first sovereign green bond this week at minimum $1.5b size

SINGAPORE – Singapore’s central bank looks to raise at least $1.5 billion with the inaugural sale of a sovereign green bond, whose proceeds will finance projects with environmental benefits, including the Jurong Region Line and Cross Island Line. The first sovereign green bond – called Green Singapore Government Securities (Infrastructure), or Green SGS (Infra) – […]

Top chipmaker sells dollar bond in defiance of murky sector outlook

SINGAPORE (BLOOMBERG) – Taiwan Semiconductor Manufacturing Co (TSMC) is selling its second dollar bond since April, a deal that may offer clues about investor appetite at a time of growing uncertainties about the chip industry’s outlook. The world’s largest contract chipmaker is marketing a two-part offering, with initial price guidance set at 150 basis points […]

BT Podcast: Asia IG bonds resilient in rate-rising environment

Synopsis: The Business Times Podcast channel showcases niche series Money Hacks, Mark To Market and WealthBT, and sponsored series. Bond investors are avoiding Asia’s emerging markets as the region’s resilience to the global inflation threat shows signs of cracking. But there are still opportunities in the Asia IG bond space as correspondent Howie Lim finds out […]