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Mapletree perps up sharply in price from debut last Thursday

Sold at par, the bonds hit 101.069; bankers say the surge is due to pent-up demand for safe credits

30203050.2 (38201104) - 27_04_2016 - MAPLETREE IPO.jpg
The price of Mapletree Investments perpetual bonds has shot up to 101.069 since its sale last Thursday as bond prices continue to rally.

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

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