Nam Cheong, Roxy-Pacific issue bonds totalling S$135m

Singapore

AS Greece struck a bailout deal and Chinese stock markets stabilised somewhat, liquidity continues to stay resilient in the local bond market with two deals worth S$135 million announced on Tuesday.

Offshore support vessel builder Nam Cheong's S$75 million three-year fixed rate notes were priced at 6.5 per cent, while property and hospitality group Roxy-Pacific's S$60 million three-year fixed rate notes were priced at 4.5 per cent. The bonds were issued at par.