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 Manulife Financial Corporation, and the other, Mapletree Logistics Trust.
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