bond issuance

The group has also proposed to issue up to $3.5 million bonds due 2027.

The bonds have been rated AAA by TRIS Rating and are fully guaranteed by the Credit Guarantee and Investment Facility.

The platform will now enable debt issuers to shorten the settlement time for new-issue bond offerings to two days from five days.

SINGAPORE (Mar 16): Primary bond offerings from Singapore-domiciled issuers has slowed to US$6.7 billion ($8.8 billion) so far this year, showing a 21.5% decline in proceeds compared to a year ago, according to Thomson Reuters data.