Locally arranged outstanding debt down 2% in 2022; first fall in 4 years
THE total outstanding debt arranged by financial institutions in Singapore dropped by 2 per cent to S$512 billion in 2022, down from S$523 billion the year before.
The decline marks a reversal in the steady growth of Singapore’s debt market since 2018.
The Monetary Authority of Singapore (MAS), which published the figures in its annual Singapore Corporate Debt Market report on Monday (Oct 16), said the decrease was in line with the slowdown in bond market activity.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Wall Street Journal moves Asia headquarters from Hong Kong to Singapore
Macquarie sees biggest profit dip in 15 years on commodities downturn
HSBC appoints ex-Citi banker as new Singapore head of global banking
H2G Green chief to stand trial on Aug 5 amid MOM probe
Dasin Retail Trust’s trustee-manager chairman, directors deny allegations of misconduct
Microsoft adds security chiefs to product groups in wake of hacking woes