Keppel bond weakens after punchy pricing
Singapore’s Keppel Land made its debut in the international dollar bond market this week, managing to find just over $1bn of demand for its $250m seven year deal. But the company’s aggressive price target turned some investors off, and the bond drifted 20bp wider in the secondary market on its first day of trading, said rival bankers.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts