Perpetual bond sales in Singapore this year have already surpassed the combined total for the previous 15 years. WIth another deal on the road and two more in the rumour mill, Singapore may be about to discover just how many perpetuals its booming debt market can take.
Temasek-backed shipper Neptune Orient Lines is marketing a Singapore dollar perpetual, while Wilmar International, Asia’s biggest agribusiness group, and government-backed property owner Ascendas are also believed to be exploring similar deals in a bid to take advantage of ultra-low domestic rates. Full story
