Sing dollar investors check into Shangri-La

Singapore adobe stock AS 230x150
By Morgan Davis
22 Jan 2020

Shangri-La Asia raised S$250m ($185.3) from the Singapore dollar bond market on Tuesday, after seeing an opportunity for unrated issuers in the city.

The Hong Kong-based borrower took advantage of the strong Singapore dollar market, and investors’ eagerness to buy paper in the currency. Last year, bond issuance in Singapore dollars closed in mid-November, meaning investors, particularly private banks, have been antsy to put their cash to work at the start ...

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