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.
Bankers said the local bond market was looking better than at the beginning of the year, but in…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
AstraZeneca leaps after smashing Q1 forecasts
LSEG reports in-line first quarter as Microsoft partnership progresses
Japan brokerage Daiwa’s Q4 profit more than doubles as markets recover
Sanofi Q1 profit slips on generic competition, forex effects
Toyota hits record annual output, sales on robust demand
Latest Singapore 6-month T-bill offering cut-off yield of 3.74% as applications dip