SGX launches evaluated bond prices on its website

The evaluated bond prices will provide a reference point for both bond issuers and investors, and help in their assessment of debt securities.
The evaluated bond prices will provide a reference point for both bond issuers and investors, and help in their assessment of debt securities. PHOTO: ST FILE

SINGAPORE - Singapore Exchange (SGX) announced on Monday that it has introduced evaluated bond prices on its website to provide public access to independent evaluations of SGX-listed debt securities.

Given that bonds are generally traded over the counter, there is a lack of public price information, said SGX. The evaluated bond prices will provide a reference point for both bond issuers and investors, and help in their assessment of debt securities.

The evaluated bond prices are computed by an independent data vendor, Interactive Data Corporation, based on its proprietary methodology. This complements the information from issuers of listed debt securities available on SGX's website, it said.

Said Lawrence Wong, head of listings at SGX: "Demand for Asian fixed income by both issuers and investors is poised for strong growth given the region's continued economic growth and increased infrastructure needs. As Asia's leading listing venue for debt securities, we will continue to improve our offerings to all participants to meet their funding needs in an efficient and transparent manner."

SGX has more than 1,900 debt securities listed by issuers from more than 30 countries. These listed debt securities are denominated in 19 currencies and have various structures catering to both issuers and global investors.