Singapore Power launches benchmark 12-year bond

Singapore Power set a benchmark for the local market on Thursday with the first ever 12-year corporate bond from the Lion City.

Rob Davies

April 19, 2001

Singapore’s soon-to-be-privatized Singapore Power (SP), yesterday (Thursday) launched the first ever 12-year corporate bond to be issued in Singapore dollars via joint lead managers JPMorgan and OCBC Bank.

The S$300 million ($166 million) issue marked the company’s first visit to the local debt market this year and the first since it launched a debut S$300 million domestic seven-year offering last August.

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