Singapore dollar bonds

Private banks drive CCRE and Ascendas Singapore dollar bonds

Central China Real Estate offers the first double-digit yield on a bond in the Singapore dollar market, while Ascendas sells a S$300 million perpetual and Hutchison Whampoa meets Singapore investors.

<div style="text-align: left;"> Borrowers are pinning hopes on Singapore's bond market as the US dollar market remains difficult </div>

Denise Wee

April 12, 2012

The Singapore dollar bond market was active this week — with Central China Real Estate (CCRE) and real estate developer Ascendas raising a combined S$475 million ($377 million). Though not exactly a huge amount, both deals give bankers a glimmer of hope that the Singapore dollar bond market will stay open even as a heavy pipeline looms.

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