Singapore plants seeds for Orchid bonds

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By Morgan Davis
19 Feb 2021

The Singapore Exchange (SGX) and Brussels-based Euroclear Bank have teamed up to launch a new bond structure in Asia.

Dubbed "Orchid bonds", they will allow international investors to directly buy bonds sold by Singapore-based issuers on the Central Depository, a wholly-owned subsidiary of SGX. Until now, investors had to set up an account at a securities depository in Singapore to buy the deals.

The new structure ...

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