CapitaLand and Nan Fung mark end to busy bond week

Olam and Trade and Development Bank of Mongolia also print deals late last week.
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The enthusiastic response to CapitaLand’s $400 million bond suggests plenty of demand for strong credits
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<div style="text-align: left;"> The enthusiastic response to CapitaLand’s $400 million bond suggests plenty of demand for strong credits </div>

Regional syndicate bankers must have heaved a collective sigh of relief when last week drew to a close Even on Friday — usually a day when deal prints take a pause — there were two bonds being marketed to investors, namely Nan Fung and CapitaLand, which collectively raised $700 million on Friday evening

“It’s a momentum play,” said one Singapore-based investor on Friday “We’ve seen some of the tail risk being removed with the German court decision It’s tough to say how long this issuance will last; some people think it will only be two to three weeks, but I think it could continue until Christmas ”

There was still plenty of pent-up demand for strong...

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