Singdollar bond scene sizzles with latest issue raking in S$4b of orders
Hot response drives final price of Commerzbank's S$500m bond sale to 4.875% from guidance of 5.25%; firms needing refinance tap cash-flush, yield-hungry investors
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Singapore
THE Singapore dollar bond market is sizzling - Wednesday's S$500 million bond sale by Commerzbank AG is said to have taken orders approaching S$4 billion as investors clamour for yield.
Bankers say that after a rather tepid start to the year, the market is now seeing a confluence of factors - yield-hungry cash-flush investors and companies seeing the risks of interest rates hikes increasing are happy to deal.
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