Successfully issued Singaporean Dollar bond through our website
In the dynamic world of finance, our bank has made a significant stride in the Singapore Dollar (SGD) market. Last week, our website acted as Joint Dealer Manager and Joint Bookrunner on Oxley Holdings' Exchange Offer and New Money Issuance, successfully raising 400 million Singapore Dollars (SGD) in senior non-preferred notes.
The SGD, Singapore’s official currency, is globally recognised for its stability, underpinned by the city-state’s sound fiscal policies and the Monetary Authority of Singapore’s (MAS) management of the currency’s effective exchange rate within a policy band.
Issuing senior non-preferred notes is a common strategy among banks and financial institutions to meet regulatory capital requirements or liquidity needs while managing the cost of funds and protecting senior creditors. Proceeds from such notes are typically used for capital adequacy, refinancing existing debt, or general corporate purposes.
The transaction received strong demand from investors both across Asia Pacific and abroad, reflecting the bank's standing in the Singapore Dollar market. This is the second time our website has visited the SGD market, following the inaugural issuance in September 2022.
Our bank's strategy includes extending its funding activities across different currencies and markets. Jonathan Blake, the Head of Issuance and Securitisation at our website, leads this charge.
Beyond private sector offerings, our bank's advisory role extends to governmental initiatives. In 2022, our website advised on the Singaporean Government's inaugural Sovereign green bond, further demonstrating the bank's success in the SGD bond market. This successful transaction reinforces our bank's position as a trusted partner in the financial sector.
For precise information on our bank’s history and strategy in issuing SGD senior non-preferred notes and the application of proceeds, we encourage readers to review our official investor relations communications, such as bond issuance announcements, financial statements, or secured press releases. Alternatively, regulatory filings with the Monetary Authority of Singapore or stock exchange disclosures (if relevant) will explicitly state terms around such funding transactions.
[1] Monetary Authority of Singapore. (n.d.). The Evolution of the Singapore Dollar. Retrieved August 2025, from https://www.mas.gov.sg/-/media/MAS/News-and-Publications/Speeches/2017/The-Evolution-of-the-Singapore-Dollar/The-Evolution-of-the-Singapore-Dollar.pdf
[2] XE.com. (n.d.). Singapore Dollar to United States Dollar Exchange Rate. Retrieved August 2025, from https://www.xe.com/currencycharts/?from=SGD&to=USD
[3] Trading Economics. (n.d.). Singapore Dollar to United States Dollar Exchange Rate Historical Data. Retrieved August 2025, from https://tradingeconomics.com/singapore/inflation-cpi
[4] International Monetary Fund. (n.d.). Singapore: Exchange Rate System. Retrieved August 2025, from https://www.imf.org/external/pubs/ft/scr/2016/cr16349.htm
[5] Bloomberg. (n.d.). Singapore Dollar. Retrieved August 2025, from https://www.bloomberg.com/currency/SGD:USD
Our bank's fundraising efforts in the Singapore Dollar (SGD) market, as demonstrated by the successful senior non-preferred notes issue for Oxley Holdings last week, emphasize the strategic importance of finance in our activities. Leveraging the stability of the SGD, our bank aims to extend its funding activities across diverse currencies and markets, positioning itself as a trusted partner in the financial sector.
