In the month of May, China Construction Bank Chengdu Branch Investment Banking Transaction Centre and Singapore branch Investment Banking team Department (CCBSB IB) jointly organized the SGX – Bonds Listing in Singapore webinar, with the focus well packed at potential issuers based in Chengdu province of China.
This webinar is jointly organized and led by the Beijing Representative Office of SGX and Investment Banking Department of China Construction Bank, Singapore Branch.
On the afternoon of May 26, 2020, through the Tencent conference platform, SGX Beijing, CCB SB, S&P Global Ratings and Jingtian Gongcheng Law firm introduced and discussed the characteristics of Singapore debt capital market, overseas bond issuance matters and Singapore Government’s bond grants initiatives as well as the core issues typically faced by the prospective issuers. The speakers also shared key execution considerations covering perspective of on-shore approvals, commonly adopted issue structure, value-adds brought by issue rating, investors’ preference and expectations amongst others. Several past transactions were also highlighted as case studies for potential issuers’ references. . An interactive Q&A session was well coordinated with questions raised via the conference platform. The webinar was participated by many corporates and the number of audiences reached more than 120..
As a core member of ASEAN and an important regional financial, trade, service and shipping center, alongside China’s “One Belt, One Road” initiative, Singapore plays a pivotal role to deepen the interconnectivity and bilateral relationship between the region and China while becoming an important “bridge” for the Chinese enterprises to expand their market reach in the Southeast Asia.
SGX's listing platform is well known for its clear regulatory framework, efficient listing approval procedures and all-rounded services, attracting more and more issuers to select SGX as the preferred bond listing place, according to the Beijing Representative Office of SGX. The Monetary Authority of Singapore (MAS) has launched and enhanced a number of bond funding schemes, including the Global Asian Bond Grant, the Sustainable Development Bond Grant and the Singapore Dollar Credit Rating Grant. Eligible bond issuers can apply for a subsidy of up to S$800,000, which can help to reduce the total issuance cost significantly. SGX currently owns the largest market share in the listing market of G3 bonds in the ASEAN region, with the total amount of bonds issued and listed in SGX exceeded US $2.2 trillion as of end of March 2020.
