back Back

HSBC and Marketnode complete digital bond issuance in Singapore

By Leandra Monteiro

April 21, 2021

  • HSBC
  • Singapore
Share

HSBC Singapore, HSBC, Marketnode, Singapore Exchange, digital asset issuanceHSBC Singapore and Marketnode announced the completion of a digital bond issuance on Marketnode’s digital asset issuance, depository and servicing platform. Marketnode is a joint venture between Singapore Exchange (SGX) and Temasek.

HSBC said that the bond issuance was done in combination with a S$1 billion perpetual securities issue by Singtel Group Treasury, guaranteed by Singtel. The transaction is among the largest issuance on the platform to date, with the widest investor base of 123 accounts, HSBC said.

The bank also stated that the digital bond issuance was conducted alongside the traditional bond issuance process as part of SGX’s ongoing pilot to assess the use of digital assets in streamlining processes within the Asian bond market. This is the first transaction since Marketnode was announced as a joint venture in January 2021 and is the seventh issuance on its platform since August 2020 when SGX completed Asia’s first public syndicated digital bond.

According to media reports, Gavin Powell, Head of Global Markets, HSBC Singapore said, “This is a tangible step towards transforming capital markets infrastructure. The transaction demonstrates how digital assets can now be applied on a scalable and sustained level, across different bond structures and to service a wide range of investors. We are excited to continue on this journey with Temasek and our exchange partner of choice SGX, and with our clients to enable faster, more transparent, and fully secure settlements for bond issuers and investors.”

According to media reports, Arthur Lang, Group CFO of Singtel said, “Digitalisation is part and parcel of Singtel’s operations and we are pleased to support SGX’s digital asset issuance, depository and servicing platform. This pilot digital issuance shows the potential to make the issuance process faster and more transparent for our investors and for us as an issuer. We look forward to more such collaborations.”

Previous Article

April 21, 2021

MX partners with Moov to empower fintechs & organizations to build better experiences

Read More
Next Article

April 21, 2021

NBK-Egypt launches corporate banking solution with MDSap

Read More










IBSi Daily News Analysis

May 31, 2023

HSBC

Deepfakes and generative AI trigger more online identity verification in FS

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Fortis Private Bank selects Q2 PrecisionLender to enhance client relationship

Read More

Today

Mastercard and Fabrick sign partnership to boost Embedded Finance

Read More

Today

3 softwares enabling banks to redefine their digital banking experience

Read More

Related Reports

Sales League Table Report 2022

£1,500.00 / year

Know More
Global Digital Banking Vendor & Landscape Report Q1 2023

£1,500.00 / year

Know More
Wealth Management & Private Banking Systems Report Q1 2023

£1,500.00 / year

Know More
Global Transaction Banking Vendors and Landscape Report Q1 2023

£1,500.00 / year

Know More
Treasury & Capital Markets Systems Report Q1 2023

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2022