Thursday, July 17, 2014

Sgx Singapore News Update : Epic Research Singapore

OLAM International's five-year S$400 million bond issue got strong demand from private bank clients, said DBS Bank on Wednesday.

The issue by the Temasek Holdings' subsidiary received orders exceeding S$1.7 billion, from 102 accounts and was priced at 4.25 per cent.

By allocation, private banks got the bulk of the deal at 80 per cent, fund managers, insurers and banks (16 per cent) and others (4.0 per cent). Investors from Singapore accounted for 80 per cent while 15 per cent came from Hong Kong and others 5.0 per cent.

DBS Bank, HSBC and The Royal Bank of Scotland handled the sale.

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