SMRT follows SIA with first bond sale

Even at this stage in the year, demand for paper from quality Singaporean issuers remains high as S$500 million deal is oversubscribed.

SMRT Corp, the 62% government-owned operator of the Singapore Mass Rapid Transport system, has tapped the local bond market for the first time with a S$500 million ($271.5 million) issue. DBS and Standard Chartered acted as joint lead managers on the transaction.

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