SINGA bonds a 'long term positive' for SGD bond market: Maybank KE

Singapore’s planned issuance of the SINGA bonds is a “long term positive” for the development of the Singapore dollar (SGD) bond market, according to Maybank Kim Eng (Maybank KE).

SINGA bonds – which will be used to finance the country’s major long-term infrastructure – can help add diversity to the existing Singapore Government Securities (SGS), says the brokerage.