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S'pore bond market frenzy distorting credit costs: S&P

Published Tue, Jun 7, 2016 · 09:50 PM
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Singapore

CORPORATE bond offerings by some of Singapore's biggest companies are drawing such strong demand from investors that they are artificially lowering borrowing costs for weaker borrowers, according to S&P Global Ratings.

Recent offerings from issuers such as state investment company Temasek Holdings Pte, port operator PSA Corp and electricity distributor Singapore Power Ltd were "well over- subscribed" ami…

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