Perennial Real Estate's placement tranche of retail bonds oversubscribed
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Mindy Tan
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Singapore
PERENNIAL Real Estate Holdings' placement tranche of up to S$100 million for three-year retail bonds which carry a fixed interest of 4.65 per cent per annum has been oversubscribed.
Despite increasing the amount available for subscription up to the limit of S$100 million to meet demand, the placement tranche was oversubscribed with approximately S$130 million of subscriptions received.
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