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Hyflux offers S$300m perpetual securities

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The issue will allow the company to build a strong war chest for growth, says Ms Lum.

Singapore

HYFLUX has launched an offer of perpetual capital securities of up to S$300 million.

The securities carry a distribution rate of 6 per cent per annum for the first four years, payable in arrear half-yearly in May and November of each year, with the first distribution on