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Ford unit joins foreign corporates issuing SGD bonds

US company prices S$350 million bonds at 3.7 per cent following strong S$750 million demand

Published Thu, Mar 3, 2016 · 09:50 PM
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Singapore

FOREIGN issuers are tapping the local debt market and the latest is Ford Motor Credit Company with its three-year Singapore dollar bond issue.

The US company's S$350 million bonds were priced on Thursday at 3.70 per cent, lower than the initial price guidance of 3.80 per cent following strong S$750 million demand.

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