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S'pore Reits increase perpetual bonds before new rules take effect
Published Tue, Nov 17, 2015 · 09:50 PM
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Singapore
SINGAPORE landlords are loading up on bonds masked as equity to get around new rules curbing their debts amid a property slump.
Real estate investment trusts (Reits) issued a record S$700 million of perpetual notes with no set maturity date in 2015 and they are likely to sell more, according to Fitch Ratings.
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