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Demand for SGD bonds still hot; S$4.3b orders for 2 deals made

Demand for bonds issued by Manulife Financial Corp and Mapletree Logistics Trust send their pricing falling

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Singapore

THE demand for local bonds is relentless, even after a gangbuster last week.

On Monday, two new deals drew orders of a combined S$4.3 billion, which led to pricing diving as investors seemed gripped by fears of lower interest rates. One bond was by Canadian insurer