Singapore yield curve extended further with LTA bond

Singapore''s Land Transport Authority, has set a new benchmark for the market with a 15-year offering.

Following Singapore's first ever twelve year corporate bond offering from Singapore Power, the city state's yield curve has been extended again with a first ever fifteen year issue by the Land Transport Authority LTA, the stat board responsible for road and rail construction.

The S$500 million $274.7 million transaction was jointly lead-managed by Barclays, Citibank and DBS Bank. Proceeds from the deal will be used to finance LTA's infrastructure development projects.

The...

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