Singdollar bond market reduced to just bluechip issues in August
Soured sentiment partly due to recent defaults, cheaper G3 market
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Singapore
IT seems that only bluechip issuers are able to sell Singapore dollar bonds as many investors stung by recent defaults have fled to the hills.
On Wednesday, triple-A rated National University of Singapore sold 5-year S$100 million 1.81 per cent notes, joining a select group that has managed to raise money in the local bond market.
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