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HOCK LOCK SIEW

Is the Singapore-dollar bond market getting frothy?

Stick to strong credits, resist leveraging temptation as one thinks about how long the party can last

LAST week's sterling reception given to HSBC's debut in the local bond market was yet another sign of the liquidity splashing around.

To recap, yield-hungry private- bank and instituitional investors pushed the order books to above S$7 billion for HSBC's maiden S$1 billion 4.7 per cent

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