The latest flash estimate released by the Urban Redevelopment Authority (URA) shows that the overall price index for private homes in Singapore edged up 0.8 per cent over the preceding three months; this comes after a 0.3 per cent increase in Q2 this year. Demand for private residential homes remains on the rise.
A Temasek Holdings subsidiary priced a US$1 billion 50-year bond at 2.5 per cent, a US$1 billion 30.5-year bond at 2.25 per cent and a US$750 million 10-year bond at 1 per cent. The US$2.75 billion three-tranche deal of guaranteed long-dated bonds The final order book reached about US$5 billion from 284 accounts for.
In recent headlines, shares and bonds of China Evergrande Group rebounded after it reached an agreement with a group of strategic investors to avoid repayments.
About the author
Timothy Ang Research Analyst Phillip Securities Research
Timothy covers the US technology sector focusing on hardware companies. Previously a credit analyst, he handled bond analysis and research for the fixed income desk. He has presented seminars for organisations such as SIAS, SPH and IRAS, commentated live market updates for 93.8FM, and authored investment articles for the Business Times newspaper. He graduated with a Bachelor of Commerce in Accounting & Finance from the University of Western Australia.