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Chinese borrowers go for S$ bonds

Cheaper rates cited as offerings this year surge to S$1.7b

Published Fri, Oct 3, 2014 · 09:50 PM
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Singapore

SINGAPORE's bond market is getting a boost from Chinese borrowers tapping the island's millionaires for record amounts at rates almost 30 per cent cheaper than home.

Private investors in Singapore took almost all of the S$380 million of local dollar-denominated notes sold by mainland Chinese companies excluding banks last month, according to people familiar with the matter. Offerings in the currency by all Chinese borro…

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