Singapore
THE price of Mapletree Investments perpetual bonds has shot up to 101.069 since its sale last Thursday as bond prices continue to rally.
The Markit iBoxx Singapore corporates return index on Monday hit 118.1742, and has risen every day since Jan 1.
Mapletree Investments' S$625 million 4.5 per cent perpetual bonds, sold at 100 par, is the only Singapore dollar (SGD) deal so far in 2017 and bankers say the strong price rise is due to pent-up demand for safe credits.
"New issuance has been very...