Singapore pins high hope on first infrastructure bond auction

Singapore's first-ever sale of bonds to finance infrastructure projects, slated for next week, is considered to be ideal as signs that the global recovery is stuttering increases demand for top-rated debt.

  • Singapore Speaker of Parliament affirms AIPA’s role in supporting ASEAN Community
  • US Vice President Harris begins trip to Singapore, Vietnam
  • Singapore’s intelligence agency launches official website
Singapore pins high hope on first infrastructure bond auction -0
Marina Bay in Singapore - Illustrative image (Source: Xinhua/VNA)

The new 30-year securities will be attractive to investors due to increasing concerns about Chinese bonds amid the Evergrande crisis and fears for global growth given a surge in COVID-19 infections. Yields are also attractive, with those on Singapore's existing 30-year debt climbing above those on US Treasuries last week.

The Monetary Authority of Singapore (MAS) plans to announce on September 21 how much it intends to raise from the inaugural auction slated for September 28.

The central bank has already been paving the way for the issue by reducing the size of 15- and 20-year bond auctions since it announced plans for the new infrastructure bonds in February.

The new securities are the first to be offered under the central bank's SGS (Infrastructure) category, as distinct from its regular SGS (Market Development) debt and its planned Green SGS (Infrastructure) that it aims to kick off next year.

VNA

Other News

Cambodia ranked world's top country for natural environment in 2026

Cambodia ranked world's top country for natural environment in 2026

Cambodia currently manages 73 protected natural areas covering more than seven million hectares, equivalent to about 41% of the country’s total land area. These protected areas play a vital role in forest conservation, wildlife habitat protection and biodiversity preservation through stricter law enforcement and conservation measures.

ASEAN chief spotlights Vietnam’s role in shaping bloc’s future

ASEAN chief spotlights Vietnam’s role in shaping bloc’s future

Vietnam is expected to maintain active contributions across ASEAN’s three pillars - the political-security community, the economic community, and the socio-cultural community; while further enhancing regional connectivity through infrastructure projects and stronger economic linkages.

Vietnam supports UNESCO's people-centred approach, multilateral cooperation: official

Vietnam supports UNESCO's people-centred approach, multilateral cooperation: official

Van affirmed Vietnam’s support for the UNESCO80 reform roadmap, focusing on the organisation’s core mandate, priority areas, interdisciplinary approach, and the special status of the Vietnam National Commission for UNESCO, and UNESCO representative offices, alongside efforts to diversify resources and strengthen global partnerships to enhance the organisation’s effectiveness.

Regional media highlight significant step in Vietnam’s leadership structure

Regional media highlight significant step in Vietnam’s leadership structure

Under General Secretary and President Lam’s leadership, Vietnam is expected to maintain a balanced foreign policy, strengthen its regional standing and accelerate economic development, thereby improving living standards and creating new opportunities for international investors, according to the India-based platform Devdiscourse.

Laos identifies 10 key tasks to build independent, self-reliant economy

Laos identifies 10 key tasks to build independent, self-reliant economy

Laos will step up agricultural production to ensure food security, meet domestic demand and expand exports; encourage the development of agro-processing industries, including those related to rubber, aquatic products, cassava and sugarcane, as well as fertiliser and animal feed production, in order to increase added value and create jobs in rural areas.

Malaysia steps up cyber security resilience

Malaysia steps up cyber security resilience

To ensure accountability, Malaysia plans to finalise the Cybercrime Bill this year which addresses both cyber-dependent and cyber-enabled offences, introducing stricter penalties and prison terms to enhance deterrence.