Overview
Companies aiming to expand regionally and globally are increasingly tapping into international bond markets to secure capital and diversify funding sources. With its robust debt capital market ecosystem, Singapore can continue to play a key role in serving Asia’s financing needs.
The Global-Asia Bond Grant Scheme aims to help companies with an Asian nexus seeking to raise capital through Singapore’s bond market for the first time and is valid till 31 December 2029.
Grant Details
The details of the scheme are as follows:
| Grant categories |
Details |
| Qualifying issuer |
First-time companies and non-bank financial institutions with an Asian nexus. |
| Qualifying issuance |
- Declares itself to be a Qualifying Debt Security.
- Issued and listed in Singapore.
- Substantially arranged by licensed entities in Singapore.
- Minimum issuance size of $200 million or a bond programme size of at least $200 million with an initial issuance of at least $20 million for Sustainable Bond Grant Scheme applicants.
- Minimum tenure of 1 year.
- Denominated in Asian local or G3 currencies.
- For SGD-denominated bond issuance, rated by credit rating agency regulated by MAS.
|
| Eligible expenses |
- Arranger fees
- Audit fees
- Credit rating fees
- Legal fees
- Listing agent fees
- Listing fees
|
| Per-issuance cap |
- Eligible expenses are funded at a level of 30%, subject to a cap of S$400,000 if the issuance is rated, or S$200,000 if the issuance is unrated.
|
How to Apply
Interested parties can write to fsdf_ext@mas.gov.sg for more information.
Applicants of Global-Asia Bond Grant Scheme should submit their applications no later than 3 months after the issue date.