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LTA sells S$1.4b bond, its second mega deal in 2019

Singapore

THE Land Transport Authority of Singapore has sold a S$1.4 billion 35-year bond, its second massive deal this year.

The latest issue carries a 3.30 per cent coupon, said DBS Bank, one of the joint bookrunners for the deal on Wednesday. The other bookrunners were HSBC, OCBC Bank and United Overseas Bank.

In January, LTA printed a S$1.5 billion 40-year bond at 3.380 per cent, making a total of S$2.9 billion raised by LTA so far in 2019.

Last year, the LTA issued four deals worth a total of S$4...

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