Keppel sets corporate benchmark with S$300 million long bond

Keppel Corporation attracts strong domestic demand for the 30-year issue and prices inside the curve.

Keppel sets corporate benchmark with S$300 million long bond
Keppel’s interests span marine services, property, infrastructure and investment services (AFP)

Singapore’s local bond market continues to develop, creating opportunities for its domestic investor base. In recent years, the government and state investment agency Temasek have extended the yield curve, providing long duration alternatives for insurance companies and pension funds, and setting benchmarks for corporate issuance.

Late on Wednesday, Keppel Corporation, a conglomerate with interests that range across marine services, property, infrastructure and investment services, broke new ground by launching a S$300 million $240 million 30-year...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition

CONFERENCES