The digital bond marks another milestone in SGX’s use of digital asset technology by streamlining processes for issuers, underwriters, investors and ecosystem participants across primary issuance and asset servicing. The bond is also a first in Asia for a syndicated public corporate bond.
Singapore Exchange (SGX) has completed its first digital bond issuance on its digital asset issuance, depository and servicing platform.
The issuance, issued in collaboration with HSBC Singapore and Temasek, successfully replicates a $400 million 5.5-year public bond issue and a follow-on $100 million tap of the same issue by Olam International.
