Singapore borrowers

Weak dollar attracts Singapore borrowers offshore

Singapore borrowers SingTel, SIA and Wilmar are looking at the dollar bond market, while Shui On Land lines up a $300 million to $500 million perpetual.

<div style="text-align: left;"> Singapore: Borrowers are looking offshore for funding (AFP) </div>

Denise Wee

June 10, 2011

Singapore borrowers are gearing up to take advantage of attractive funding levels in the dollar market, and banks are circling to win the mandates. Companies such as SembCorp Marine, Singapore Airlines, Singapore Telecommunications, Wilmar and DBS are all considering dollar bonds.

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