The bourse is expected to set aside between S$1 billion ($734 million) and S$1.5 billion for potential acquisitions.
SINGAPORE: Singapore Exchange Ltd. can explore a billion dollar’s worth of deals should it go ahead with a plan to tap debt for the first time since its initial public offering in 2000.
The bourse is expected to set aside between S$1 billion ($734 million) and S$1.5 billion for potential acquisitions, according to estimates by CGS-CIMB Securities SP Pte. and Phillip Securities Pte. The funding will likely come via a mix of cash on company books, which totaled S$787 million as of Sept. 30, and the exchange’s new multicurrency debt issuance program, according to some analysts.
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