Singapore yield curve extended further with LTA bond

Singapore''s Land Transport Authority, has set a new benchmark for the market with a 15-year offering.

Rob Davies

April 27, 2001

Following Singapore's first ever twelve year corporate bond offering from Singapore Power, the city state's yield curve has been extended again with a first ever fifteen year issue by the Land Transport Authority (LTA), the stat board responsible for road and rail construction.

The S$500 million ($274.7 million) transaction was jointly lead-managed by Barclays, Citibank and DBS Bank. Proceeds from the deal will be used to finance LTA's infrastructure development projects.

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.