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Perpetual bonds back in favour

Published Thu, Nov 13, 2014 · 09:50 PM

DBS

Singapore

PERPETUAL bonds are enjoying a massive revival as investors turn to them for their higher yields, ignoring the broader market anxiety over rising interest rates.

On Wednesday, Ezion Holdings sold S$150 million perpetual bonds offering a 7 per cent coupon, the eighth such deal this year. The issue received S$300 million in orders.