JTC extends the curve

The Jurong Town Corporation has become the first issuer in the Singapore bond market to successfully sell a 12-year bond.

Twelve years No problem. That was the reaction from investors when the Jurong Town Corporation JTC successfully launched and closed the tender for its first 12-year bond deal. Previously the longest dated security denominated in Singapore dollars was a government 10 year. But by creating demand at the underwriter level, JTC managed to sell a bond two years longer, with a sub 5% yield.

The yield for the bonds has been set at 4.826% with...

To continue reading, please login or register for free

Click for more on: jtc | extends | curve

Print Edition

FinanceAsia Print Edition