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Hyflux sells $300m perpetual bonds

Priced at 5.75%, the perpetuals received orders in excess of $600m: DBS

HYFLUX Ltd has just sold the first perpetual bond of the year as the debt market hots up. The water-treatment company's $300 million of NC3 bonds, priced at 5.75 per cent, received orders in excess of $600 million, said sole bookrunner DBS Bank yesterday. NC3, or on-call three, means that the