Singapore Mom-and-Pop Investors Face Losses Amid Bond Risks
- ‘This exposes mom-and-pop investors’ to risk: Lombard Odier
- Four bonds sold to individuals in 2016 have dropped below par
Singapore Investors Face Losses as Bond Risks Spread
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Singapore millionaires stung by the misery of recent bond defaults now have company as the fallout threatens losses for mom-and-pop investors.
All four new issues of Singapore dollar-denominated notes targeted at individuals this year have dropped below the par sales value, as failures in the broader market stoke speculation nonpayments will spread. UBS Group AG’s wealth management unit said in an Aug. 16 report that retail investors are being sold "weak" names, and Lombard Odier said they face default risks on securities with poorer credit profiles.