Singapore dollar bonds

Private banks drive CCRE and Ascendas Singapore dollar bonds

Central China Real Estate offers the first double-digit yield on a bond in the Singapore dollar market, while Ascendas sells a S$300 million perpetual and Hutchison Whampoa meets Singapore investors.
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Borrowers are pinning hopes on Singapore's bond market as the US dollar market remains difficult
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<div style="text-align: left;"> Borrowers are pinning hopes on Singapore's bond market as the US dollar market remains difficult </div>

The Singapore dollar bond market was active this week with Central China Real Estate CCRE and real estate developer Ascendas raising a combined S$475 million $377 million. Though not exactly a huge amount, both deals give bankers a glimmer of hope that the Singapore dollar bond market will stay open even as a heavy pipeline looms.

Earlier this year, the lingering question was whether the Singapore dollar bond market had sufficient liquidity to absorb just a handful of deals or a whole slew of them. So far, the market has got off to a flying start with Singapore bond issuance chalking up S$7.6 billion year-to-date compared to S$4.4 billion...

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