Singapore bond sales are accelerating as companies on an island vying for the title of world’s fastest-growing economy exploit the lowest funding costs in at least two decades to finance expansion.
Temasek Holdings and CapitaLand led borrowers that raised US$14.1 billion ($19.2 billion) this year, topping the record US$13.2 billion of notes sold in 2001, according to data compiled by Bloomberg. The benchmark three-month interbank lending rate was last at 0.55708%, near the lowest since 1987, when data on the Monetary Authority of Singapore’s website starts.
