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Property firms tapping bond market to raise funds at attractive rates

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Nisha Ramchandani

Nisha Ramchandani

Published Wed, Mar 16, 2016 · 09:50 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    Singapore

    MORE property companies are leveraging the bond market to raise funds, with Ascott Reit and City Developments (CDL) both issuing bonds on Wednesday.

    Ascott Reit issued S$120 million in eight-year bonds with a 4 per cent coupon rate, while CDL raised some S$115 million - upsized from S$80 million - in five-year bonds at a coupon rate of 2.93 per cent.

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