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Czech tycoon's CPI Property sells S$150m perp in market first

CPIquadrio.jpg
Frankfurt-listed CPI Property Group's portfolio includes Quadrio (pictured), a complex of six buildings in Prague's city centre featuring office, retail and residental spaces.

THE first European non-bank issuer has made its debut in the Singapore dollar (SGD) corporate hybrid bond market.

Luxembourg-based real estate player CPI Property Group last week sold S$150 million of perpetual bonds at par with a 5.8 per cent coupon, The Business Times (BT) understands...