John Hancock Issues Third Singapore Dollar Bond

John Hancock Life Insurance Company of the US has become the first foreign company in 2001 to issue a Singapore dollar bond, in a S$100 million ($57.5 million) deal via Citibank. It is the third time that the company has tried it's luck on the Singapore bond market, making it the only foreign firm to do so, following the issue of S$150 million of five-year bonds in July 1999 and a S$180 million deal launched in October 2000.