debt market in Singapore turned in a healthy performance
in 2005, with total outstanding volume of corporate
debt increasing by 11.5% to S$137 billion on a year-on-year
basis. 2005 also recorded the highest total amount
of corporate debt issuance in Singapore over the
past ten years, growing by 46% from S$79 billion
in 2004 to S$115 billion in 2005. (See Chart 1 below).
34 foreign entities tapped the SGD debt market in
2005, with issuance totaling S$2.7 billion. Notable
issuers include Central American Bank for Economic
Integration, General Electric Capital
Corporation and The Export-Import Bank of Korea.