• Rationalisation of the issuance process – The modernisation of the fund-raising regime through the introduction of a new regulatory framework for the issuance of private debt securities that rationalises a fragmented regulatory structure, speeds up and creates a facilitative and transparent approval scheme for corporate bonds, imposes greater disclosure requirements, enhances legal protection afforded to bond investors, encourages issuers to tap the bond market and provides greater opportunities for secondary market liquidity.
  • The establishment of a reliable and efficient benchmark yield curve – A benchmark yield curve was constructed out of large and liquid, sovereign-credit bond issuances by the government in accordance with a transparent auction calendar to provide ease and accuracy in the pricing of corporate bonds.
  • Widening the issuer and investor base – For sustenance in bond market development by providing a virtual platform for the meeting of issuers (in their search for the most competitive and practical fund-raising alternative to meet their specific needs) and investors (in their search for a diversity of investments).
  • Improving liquidity in the secondary market – Includes efforts to enhance market infrastructure, trading and operational procedures for the creation of an organised and active bond market which is efficient and effective towards promoting and attracting active primary as well as secondary market activity.
  • Facilitating the introduction of risk management instruments – To provide an avenue for issuers and investors to hedge their respective exposures to the bond market in a most effective and timely manner.