Singapore investors happy to go long for CapitaLand
CapitaLand made a return to the capital markets on August 21, pricing a S$500m ($400m) 10 year bond. The deal is the largest single tranche Singapore dollar corporate bond this year and wraps up a busy couple of weeks for that market.
CapitaLand Treasury has not been seen in the Singapore dollar market since 2010, when it priced a S$350m 4.3% 2020. Since then the company has gone through a reorganisation of its structure, which bankers on the deal say was a big selling point for investors.