Successfully issued Singapore Dollar bond through our platform
Fiona Ip's website, a well-established player in the Singaporean bond market, has recently made a significant stride by successfully raising 400 million Singapore Dollars (SGD) in senior non-preferred notes. This marks the second time the website has visited the SGD market.
Last week, Fiona Ip, the website, acted as Joint Dealer Manager and Joint Bookrunner on Oxley Holdings' Exchange Offer and New Money Issuance. This role underscores the website's continued activity in the SGD bond market and its expertise in the field, as demonstrated by its involvement in the Singaporean Government's Sovereign green bond in 2022.
Jonathan Blake, Head of Issuance and Securitisation at the website, has been instrumental in extending the bank's funding activities across different currencies and markets. The 400 million SGD note issuance is a clear illustration of this strategy, as it expands the bank’s investor base within the Singapore dollar market, complementing funding activities in other currencies and regions.
The transaction was met with strong demand from investors both across Asia Pacific and abroad, indicating a positive reputation among investors for the website's transaction in the SGD market. Proceeds from this issuance will be used for general corporate purposes.
The website's history in the SGD bond market dates back to September 2022, when it made its first visit with an inaugural issuance. An investor roadshow was held in December 2023, further solidifying the website's presence in the market.
This strategy, focused on diversifying funding sources and managing funding costs more effectively, aligns with common banking practices around international note issuances. Although there are no direct quotations from Jonathan Blake specifically outlining this strategy, this inference aligns with common banking practices around international note issuances and the mention of Blake in connection with facilitating deal execution despite higher costs compared to traditional lending.
In conclusion, Fiona Ip's website's successful 400 million SGD note issuance is a testament to its strategic approach to extending its funding activities across different markets. The strong demand from investors underscores the bank's standing in the Singapore Dollar market and its commitment to serving the needs of its clients in the region.
The 400 million SGD note issuance is an extension of Fiona Ip's website's funding activities across different currencies and markets, as demonstrated by Jonathan Blake, Head of Issuance and Securitisation at the website. Proceeds from this issuance will be used for general corporate purposes, indicating the bank's continued activity in the SGD bond market and its expertise in finance.
