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CityDev bonds priced at 3% guidance due to strong credit standing

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City Developments Limited's latest five-year bonds sold at 3 per cent were aggressively priced due to CDL's strong credit standing and the lack of papers from blue-chip companies.

Singapore

CITY Developments Limited's latest five-year bonds sold at 3 per cent were aggressively priced due to CDL's strong credit standing and the lack of papers from blue-chip companies.

The tight pricing also took place amid rising interest rates.

CDL raised S$125...

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