atans1

Retail bonds, another SGX flop

In Uncategorized on 15/04/2016 at 5:12 am

Singapore’s mom-and-pop investors are losing their fervor for bonds as the economy cools, after the amount of notes sold to individual investors was twice initial public stock offerings in 2015.

Prices on the exchange-traded notes are beginning to converge with those sold to institutions on the interbank market. Four companies raised S$975 million ($722 million) selling bonds to individuals last year, outstripping the S$496 million of IPOs, filings show. The one bond sale this year to such investors met with lower demand.

http://www.bloomberg.com/news/articles/2016-04-07/singapore-mom-and-pop-investors-lose-bond-zeal-as-economy-slows

Another SGX initiative goes wrong. Renember until last yr CEO, COO and Head techie were FTs. Now CEO is S’porean but the other two still there screwing things up.

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