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The Monetary Authority of Singapore said the first issuance is for S$1.2 billion. The interest rate starts from 0.96 per cent for the first year, and steps up gradually in line with the holding period. At the end of 10 years, the annualised return will be 2.63 per cent.
Sembcorp Marine has clinched a more than US$1 billion engineering, procurement and construction contract to build three topsides for the Culzean Field development in the North Sea, the rig builder announced early Tuesday.
Singapore Telecommunications has completed its purchase of a 98 per cent stake in cyber security firm Trustwave for a lowered price of US$770 million.
Insurer Great Eastern Holdings has named industry veteran Khor Hock Seng as its new group chief executive officer (CEO), it said in a Singapore Exchange filing on Tuesday.
The STI Today
A 200-point plunge in the Dow Jones Industrial Average's futures contract on Tuesday reminded players that may be markets have not bottomed yet and dragged the Straits Times Index 38.67 points or 1.3 per cent down to 2,882.77.