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HOCK LOCK SIEW

Market conditions seem ripe for fixed-for-life perpetuals

THE warm reception to recent bond issues with low-ish coupons shows that investors seem resigned to rangebound interest rates for quite a long time.

Last week, a Singapore Airlines S$700 million 10-year bond at 3.13 per cent took in over S$1.1 billion in orders. There was also a S$160

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