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 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...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Print Edition

FinanceAsia Print Edition

EVENTS