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Fullerton Health rides Brexit risk aversion to sell 'AA' bonds

Tight pricing of S$100m issue attributed to a number of factors, including flight-to-quality flows

Published Thu, Jun 30, 2016 · 09:50 PM

Singapore

PRICING S$100 million of investment grade debt just days after Britain voted to leave the European Union (EU) may have helped Fullerton Healthcare Corp to benefit from flight-to-quality flows, Fullerton chief financial officer Ramesh Rajentheran said on Thursday.

Fullerton priced S$50 million of five-year senior unsecured notes due 2021 at par with a coupon of 2.45 per cent, representing a spread of 7…

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