Chip Eng Seng's S$150m notes issue well received

Singapore

CONSTRUCTION and property group Chip Eng Seng Corporation has seen strong demand for its S$150 million fixed-rate notes, which are being issued under its S$500 million multi-currency debt-issuance programme.

The final order books stood at over S$600 million due to robust interest from Singapore-based investors such as private banks, fund managers and banks. As a result, it was able to price the new issue at 4.25 per cent …