OCBC prices £1 billion floating rate covered bonds due 2029
Businesstimes News·- OCBC has priced £1 billion in floating rate covered bonds due 2029, bearing interest at the compounded daily Sonia rate plus 0.48 per cent per annum. - The net proceeds from the issuance, expected on Aug 26, will be used for general corporate purposes with a listing on the Singapore Exchange on Aug 27. - The bonds are expected to receive an Aaa rating from Moody’s Investors Services and an AAA rating from Fitch Ratings.SGX’s record year masks Singapore’s equities challenge
Businesstimes News·SGX records all-time highs in revenue, net profit for FY2026
Businesstimes News·SGX’s past experiment offers insights as Hong Kong exchange proposes scrapping lunch break
Businesstimes News·- The Hong Kong Stock Exchange has proposed eliminating its midday trading break and extending market hours, drawing from the historical experience of the Singapore Exchange which previously reversed a similar trial due to low liquidity. - While global exchanges like London and Nasdaq are extending hours to boost flexibility, market experts note that longer trading times do not automatically increase trading volume or capital creation. - Analysts suggest that extended hours primarily benefit active institutional investors, but they pose operational challenges and are unlikely to significantly impact Singapore Exchange's distinct market segments.