Europe's CPI scores Singapore dollar bond
European real estate company CPI Property Group turned to investors in the Lion City last Friday for its first Singapore dollar bond.
HSBC led the perpetual non-call 5.5 year deal. The notes were initially marketed at the 5.9% area, and they were later closed at 5.8% and sold at par.
The Baa2/BBB rated Luxembourg-based borrower raised S$150m ($111m) from the sale.The bond's interest rate will be reset after 5.5 ...