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NTUC Income's S$800m, 30-year notes heavily subscribed

Final orders for issuance exceed S$2.4b, even after 40 bps yield tightening

Singapore

SPORTING a long 30-year tenor rarely seen in non-government issuances, NTUC Income Insurance Co-operative's latest offering has proven popular. Final orders exceeded S$2.4 billion for the S$800 million 30NC20 Tier 2 subordinated notes, even after a 40 basis point (bps) yield...

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