• Shares and bonds of China Evergrande Group rebounded after it reached an agreement with a group of strategic investors to avoid repayments.
• 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.

Outlook for the week

Key economic releases for the week

• Monday, 5 Oct: SG: Markit Singapore PMI (8:30AM), US: Markit US Composite PMI (9:45PM)
• Tuesday, 6 Oct: SPH REIT (FY20 results)

Last week summary

• 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.