Commerzbank breathes life into Sing dollar tier two market

By Addison Gong
11 Sep 2018

Commerzbank has ended a 10-month drought in Singapore dollar-denominated tier two deals, returning this week with a S$400m ($290m) bond. What lies ahead for the southeast Asian city-state’s local currency market? Addison Gong finds out.

The German lender is a familiar name to Singapore’s investors, having raised a S$500m 4.875% 2027 note in February last year.

For its return, bookrunners Commerzbank, DBS, HSBC and OCBC started taking orders on Monday morning in Asia from the 4.375% area for a 10 year non-call five tier ...

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