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Citic Envirotech taps buoyant demand in fixed income market

Firm's S$240m issue of perps sees demand for S$1.4b from private banks and institutions

Singapore

BUOYANT demand continues to be seen in the fixed income market, with wastewater treatment firm Citic Envirotech being the latest to price an issue.

It is issuing S$240 million of senior perpetual securities at 3.9 per cent, at an initial credit spread of 238 basis points

sentifi.com

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