Singapore delivers two benchmark bonds in one day

Two Singaporean borrowers from opposite ends of the credit spectrum access the international bond markets.
Issuance gushes forth
Issuance gushes forth

Two borrowers from opposite ends of the Singaporean credit spectrum accessed the international bond markets on Tuesday, marking an unusually active day for the Lion City.

Singapore credits are generally prized for their rarity value as well as their high ratings and Temasek-owned SP Power Assets delivered both with its first benchmark dollar deal since 2012, raising $700 million off the back of a $1.4 billion final order book.  

Likewise, Temasek's former assembly and testing company STATS ChipPAC was back in the bond markets for the first time since its 2014 acquisition by a Chinese consortium led by Jiangsu Changjiang Electronics...

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