http://www.temasekholdings.com.sg/news_room/press_speeches/08_03_2004.htm
"...the debt market in Singapore has grown substantially over the past six years. The total corporate debt outstanding tripled from S$32bn (< US$20 billion) in 1998 to S$102bn (about US$60 billion) in 2003. This is more than 25% CAGR over a 5 year period. Foreign issuers comprised a significant proportion of the issuers...."
"...the debt market in Singapore has grown substantially over the past six years. The total corporate debt outstanding tripled from S$32bn (< US$20 billion) in 1998 to S$102bn (about US$60 billion) in 2003. This is more than 25% CAGR over a 5 year period. Foreign issuers comprised a significant proportion of the issuers...."