SG Digest: Govt will not direct GIC to invest in locally listed firms; Azalea to launch $585m bonds

SG Digest: Govt will not direct GIC to invest in locally listed firms; Azalea to launch $585m bonds

A GIC sign is pictured at their office in Singapore July 26, 2022. REUTERS/Anshuman Daga/File Photo

Singapore will not order sovereign wealth fund GIC to invest in locally listed companies while Temasek-backed Azalea Asset Management is listing a new set of bonds worth $585 million.

Edited by: Padma Priya