The offer introduces an alternative to Singapore’s much maligned high-yield bond market, where a series of recent defaults have spooked investors.
SINGAPORE: Metech International, an electronic-waste management company, is marketing a S$2 million ($1.4 million) crowdsourced bond, the first of its kind in Singapore.
The recycling company is selling so-called listed company, or listco, bonds on Singapore-based crowdfunding platform FundedHere, which is hosting the securities in collaboration with the Singapore Exchange and under licence from the Monetary Authority of Singapore.