Singapore Exchange opens liaison office in India

A woman walks past the Singapore Exchange (SGX) building in Singapore on April 30, 2014. SGX has opened a liaison office in India that aims to help Indian companies keen to raise capital in Singapore. -- PHOTO: AFP
A woman walks past the Singapore Exchange (SGX) building in Singapore on April 30, 2014. SGX has opened a liaison office in India that aims to help Indian companies keen to raise capital in Singapore. -- PHOTO: AFP

SINGAPORE - Singapore Exchange (SGX) has opened a liaison office in India that aims to help Indian companies keen to raise capital in Singapore.

The office in Mumbai will act as a "communication channel" to support such firms, the bourse operator said on Tuesday.

Indian issuers have raised US$60 billion through bonds on the SGX, making India the third-largest issuer of SGX-listed bonds.

These issuers cover a wide spectrum of sectors including banking and financial services, energy and commodities, property, healthcare, utilities, telecommunications and transportation.

About 80 per cent of listed international bonds by Indian issuers are listed on the SGX. There are also five Indian companies listed on the SGX.

The opening of the office will strengthen SGX's partnership with the National Stock Exchange of India (NSE), the bourse operator added.

The strategic partnership began in 2000 when the two exchanges collaborated to develop the international futures market.

In 2007, SGX took a 5 per cent minority stake in Bombay Stock Exchange (BSE).