SGD bonds hit new highs, investors take Ezra default in stride
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Singapore
SINGAPORE bond prices have been hitting new highs and cash-flush investors are unlikely to be deterred by the weekend bankruptcy filing of Ezra Holdings, which has S$150 million bonds outstanding.
Bond prices in Asia, whether in USD or SGD, are high as investors continue to look for yield, said Clifford Lee, DBS Bank head of fixed income.
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