Well, I just stumbled on this piece of news. I’m not sure why I haven’t heard a peep about it from anywhere. Apparently I am the unofficial MAS media mouthpiece? Haha!
Basically, the rules regarding corporate bond issues to retail investors have been relaxed. The main change is that (a) wholesale bonds can be broken up into smaller denominations and be sold to retail investors in the secondary market or (b) companies can issue to retail bonds without a prospectus !
Since their main aim of doing this is to give retail investors more access to simple investment products, but ensuring that they are not too risky, there are some restrictions as to which kinds of bonds are affected by this change.
Here are some of the criteria:
1a) $1 billion market cap for the past 180 days, or
1b) Net assets of $500 million for the past 3 audited financial …