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Property firms tapping bond market to raise funds at attractive rates
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Nisha Ramchandani
Published Wed, Mar 16, 2016 · 09:50 PM
Singapore
MORE property companies are leveraging the bond market to raise funds, with Ascott Reit and City Developments (CDL) both issuing bonds on Wednesday.
Ascott Reit issued S$120 million in eight-year bonds with a 4 per cent coupon rate, while CDL raised some S$115 million - upsized from S$80 million - in five-year bonds at a coupon rate of 2.93 per cent.
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