At the end of June, Singapore conglomerate Keppel Corporation announced a new $1 billion euro commercial paper programme through arranger and dealer DBS.
It sounds run-of-the-mill, but for the debt capital markets (DCM) in Asia, and across the world, this may prove to be hugely significant.
Keppel will be the debut corporate issuer on DBS FIX Marketplace, which the bank calls Asia’s first fully digital and automated fixed income execution (FIX) platform.
Through it, issuers can directly connect with investors if they wish.
The time is ripe for traditional ways of bond origination to make way for a more digital approach
Clifford Lee, DBS
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