Overview
Singapore's corporate bond market has grown in depth and breadth over the past decade. It will continue to be fuelled by Asia's demand for long-term capital to support infrastructure and sustainable growth.
Singapore’s corporate bond market is fully accessible to all issuers and investors globally. There are no capital controls, hedging restrictions, or withholding taxes on qualifying debt securities.
Issuers are supported by an ecosystem of international and regional banks’ debt capital markets teams, lawyers, accountants and rating agencies that provide essential services in issuing a bond.
A wide range of investors including financial institutions, fund managers, insurance companies, private banks and retail investors participates in Singapore’s corporate bond market.
You can get more information about Singapore's bond market and the qualifying debt securities in the following pages:
Key Facts
S$232B
Total debt issuance in Singapore in 2021
S$523B
Total outstanding debt in 2021
The bond market ecosystem remains a big draw, with several companies issuing in Singapore repeatedly.
- Ravi Menon, Managing Director, MAS
At Nomura Investment Forum Asia
At Nomura Investment Forum Asia
Regulations & Guidelines
Capital market activities are regulated under the Securities and Futures Act . The Act puts in place the rules and regulations concerning markets, market operators, clearing facilities, intermediaries and representatives based on their activities.
Initiatives
Focus areas and schemes to develop Singapore as a leading fixed income hub in Asia.
What's New
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Fixed Income
MAS is strengthening Singapore's role as Asia's fixed income hub for bond issuers. Find out about opportunities in Singapore's bond market and ride on the growth in fixed income investment.
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"Opportunities and Partnership for a Strong and Resilient Covered Bond Market" - Speech by Mr Lim Cheng Khai, Executive Director, Financial Markets Development Department, Monetary Authority of Singapore, at The Asian Covered Bond Roadshow on 8 March 2023
At The Asian Covered Bond Roadshow, Mr Lim Cheng Khai, Executive Director, Financial Markets Development Department, MAS spoke about the resilience of the covered bond market, development of the Singapore covered bond market, and the prospects in Asia.
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MAS launches Financial Services Industry Transformation Map 2025
The Financial Services Industry Transformation Map 2025 lays out the growth strategies to further develop Singapore as a leading international financial centre in Asia – to connect global markets, support Asia’s development, and serve Singapore’s economy.
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"ITM 2025: Forging New Growth Pathways" - Opening Address by Mr Lawrence Wong, Deputy Prime Minister and Minister for Finance, and Deputy Chairman of the Monetary Authority of Singapore, at the Financial Services Industry Transformation Map 2025 Launch Event on 15 September 2022
At the launch of the Financial Services Industry Transformation Map 2025, Mr Lawrence Wong, Deputy Prime Minister and Minister for Finance, and Deputy Chairman, MAS shared the plans, strategies and targets for the next five years for our financial centre to continue to stay relevant and competitive.
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"Singapore - the gateway to Asia's Bond Market" - Opening Address by Ms Jacqueline Loh, Deputy Managing Director, Monetary Authority of Singapore, at the Global Borrowers & Investors Forum - Asia on 21 September 2017
Opening Address by Ms Jacqueline Loh, Deputy Managing Director, Monetary Authority of Singapore, at the Global Borrowers & Investors Forum