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S'pore junk bonds best performer in region

Its US dollar notes have gained 7.9% as private banks seek haven in more developed markets

Chipmakers have led the charge. STATS ChipPAC Ltd's US$611 million of notes due 2018 have returned 4 per cent since Dec 31, rebounding from a December selloff after Moody's Investors Service cut the company's rating twice.

INVESTORS in junk bond earned twice as much in Singapore as they did in Indonesia this year as private banks sought haven in more developed markets.

US dollar notes from the island have gained 7.9 per cent so far this year, the best among regional peers, according to a Bank of America