Bankers hope Mapletree revives Singapore perpetual market

Mapletree closes a well-received S$600 million perpetual as bankers hope the response will encourage others to tap the market.

Bankers hope Mapletree revives Singapore perpetual market
Mapletree's Harbourfront development in Singapore

Mapletree Investments, a real estate firm wholly owned by Temasek Holdings, on Wednesday night closed a well-received S$600 million $477 million perpetual non-call-five, which bankers hope will help re-open the market and encourage other companies to tap.

Demand for Singapore dollar perpetuals has flagged somewhat, especially after the city-state's regulator, the Monetary Authority of Singapore MAS, warned retail investors about the risks of investing in the instrument in May. Since then, investors have turned...

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