Debt capital market issuance volumes expected to remain ‘relatively stable’ in 2025
Financials, with strong issuances in the last 3 years, could remain major issuers in the Singapore dollar market in 2025, says portfolio manager
SINGAPORE’S debt capital market bounced back after a lacklustre 2023, but still posted a mixed performance in 2024 in the wake of easing interest rates, attractive yields and persistent geopolitical headwinds, market experts told The Business Times.
Looking ahead to this year, they have remained optimistic about the market’s prospects.
However, Benedict Phua, portfolio manager at Eastspring Investments, pointed to the risk of policy easing by the Monetary Authority of Singapore (MAS) as a potential headwind, which could weaken the Singapore dollar and raise local interest rates.
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