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CMT retail bond more for savers than investors

On the surface, the new retail bond appears to be fairly priced. A CapitaMalls Asia step-up 3.8 per cent bond due 2022 is trading at a slight premium to par - PHOTO: CAPITAMALLS ASIA

THE first retail bond offering of the year by CapitaMalls Trust (CMT), Singapore's first and largest real estate investment trust (Reit), offering a yield of 3.08 per cent for seven years, comes at an interesting time. Global bond investors are increasingly jittery as the US Federal Reserve