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Ascendas, Lum Chang join peers in issuing bonds

Construction player Lum Chang issues three-year bond at 5.5% per annum to raise some S$50m; Ascendas prices its 10-year bond at 3.5% per annum to raise S$75m

Singapore

AS THE Federal Reserve holds off raising interest rates, Ascendas and Lum Chang joined their peers in the property and construction space in issuing bonds.

Construction player Lum Chang issued a shorter-term bond of three years at 5.5 per cent per annum, to raise some S$

sentifi.com

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