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

Proceeds from the SGD perp will help to fund real estate player's acquisition pipeline

Singapore

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 (...