Private banks snap up 46% of landmark Lion City bond

Private banks have taken 46% of a deal that is touted as the first “Lion City” bond issue by a non-bank Singapore corporation, according to DBS Bank, a joint bookrunner for the issue. Swiber Holdings Limited, a Malaysian based offshore shipping company, became the latest new issuer to benefit from the insatiable appetite among private banks driving Singapore’s bond market,…

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