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The Singapore Exchange (SGX) is attempting to secure a larger slice of secondary trading of foreign-currency bonds from Asian issuers in order to increase its revenues amid a multi-year slump in initial public offerings.
Finance Magnates recently reported that SGX’s revenue grew 3 percent to S$205.8 million ($149 million) in the quarter to 31 March while earnings rose 1 percent to S$89 million. Nonetheless, figures released by Bloomberg revealed that companies that listed last year in Singapore raised $366 million, the lowest amount since 2001.
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