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En bloc fever may help boost lacklustre Singdollar bond market

Singapore property developers in need of funding to pay for land and en bloc deals could announce more bonds in coming months

Published Mon, Mar 12, 2018 · 09:50 PM

Bonds

Singapore

THE en bloc fever of 2017 may help uplift the lacklustre Singdollar bond market which has been hit by interest rate volatility though strong issuers continue to get their deals done.

On Monday, the Land Transport Authority of Singapore sold a bumper S$1.2 billion worth of bonds, comprising two tranches, a 10-year S$300 million and 30-year S$900 million bonds at 2.75 per cent and 3.35 per cent respectively.