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Czech tycoon's CPI Property sells S$150m perp in market first
Published Thu, Jan 23, 2020 · 03:51 AM
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THE first European non-bank issuer has made its debut in the Singapore dollar (SGD) corporate hybrid bond market.
Luxembourg-based real estate player CPI Property Group last week sold S$150 million of perpetual bonds at par with a 5.8 per cent coupon, The Business Times (BT) understands.
The unsecured subordinated bond was issued on Jan 17 and is NC5.5, which means it can…
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