The Asian Bond Grant Scheme encourages first-time Asian issuers to issue bonds from Singapore. Find out the grants available for qualifying issuers.
Overview
Singapore offers an excellent ecosystem for Asian companies to raise international capital. Asian corporates, including Chinese and Indian companies, looking to regionalise and globalise are increasingly looking to international bond markets to raise capital and to diversify funding sources.
MAS introduced the Asian Bond Grant Scheme to support first-time Asia issuers in Singapore‘s bond market, up to an amount of $400,000.
See also: Singapore - the Gateway to Asia's Bond Market
Grant Details
For the funding period between 1 January 2017 and 31 December 2019:
| Grant categories |
Details |
| Qualifying issuer |
First-time Asian companies and non-bank financial institutions. |
| Qualifying issuance |
- Bond issued and listed in Singapore.
- Minimum size of $200 million.
- Minimum tenure of 3 years.
- Denominated in Asian local or G3 currencies.
- For SGD-denominated bond issuance, rated by an international credit rating agency.
|
| Eligible expenses |
- Arranger fees
- Audit fees
- Credit rating fees
- Legal fees
- Listing fees
|
| Per-issuance cap |
- Rated: Cap of $400,000 or 50% of the eligible expenses (credit rating fees can obtain 100% funding).
- Unrated: Cap of $200,000 or 50% of the total eligible expenses.
|