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Perpetual bonds a hit despite rotation fears

Private banks grab over 80% of $500m perpetuals sold by Hyflux, Trafigura

THE busiest start to a year on record for Singapore perpetual bonds is belying forecasts that clients of private banks are ready to switch into equities. Private banks snapped up at least 80 per cent of the S$500 million raised by Trafigura Beheer BV, the world's second-largest metals trader,

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