Pacific Andes bonds snapped up
PACIFIC Andes Resources Development's (PARD) inaugural Sing-dollar bond issue sold like hot cakes yesterday in what has become a familiar refrain in the local debt market.
The frozen fish supplier is said to have received orders exceeding S$2 billion for its three-year issue expected to be around S$200 million, said a source. The bonds will be priced at 8.50 per cent, down from an initial 8.75 per cent, the source said.
Private bank clients again account for the lion's share of the deal.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Far East Orchard acquires 49% stake in UK-based purpose-built student accommodation operator for £17.6 million
Nestle sales growth sputters on US slump, vitamin snags
BNP Paribas beats estimates as lower costs offset trading slump
TikTok ultimatum puts US firms in firing line for China response
Toyota and Nissan pair up with Tencent and Baidu for China AI arms race
BHP targets Anglo American in bid valuing miner at US$39 billion