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Ascendas Group Singapore-Dollar Perpetual Bond To Be Benchmark-Sized!
By Dou  •  April 5, 2012

On 05/April, Singapore shares ended higher though European sovereign debt concerns resurfaced after a dismal result from Spanish bond auctions.

STI ended higher at 2986.20 (0.04%) with LOW VOL of 1.62 billion shares traded compared with 1.69 billion shares Wednesday. In the broader market, gainers outnumbered losers 179 to 174. Today STI trend sideways as investors stay sidelined for more news ahead.

Headline in STI

Before market close

Sembcorp Marine Ltd. (S51.SG) has secured a US$218.5 million contract to construct a jack-up rig for Gulf Drilling International for its Qatar operations.

After market close

Ascendas Group is seeking to sell a benchmark-sized perpetual bond. The Singapore-dollar-denominated issue will be callable after the fifth year with a rate reset then and will include a 100 basis point step-up in the 10th year

Technical Analysis on STI

Immediate Resistance of STI: 3005

Immediate Support of STI: ...

...
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By Dou
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