News: S'pore investors turn to riskier bonds Persistently low interest rates are forcing buyers to look beyond investment-grade debt Singapore's yield-starved investors are buying riskier bonds in a move that is allowing many smaller companies to issue debt for the first time, IFR reported. Auric Pacific Group, best known as the owner of food courts offering cheap meals to Singapore's workers, is set to join a growing number of small and mid-cap companies hoping to appeal to fixed-income investors when it serves up its first offering from a $500 million debt programme. While Auric's share price has doubled over the past 12 months, its market cap of $161 million makes it one of the smallest companies to try a bond sale. But it is far from the only issuer to spot an opportunity. Persistently low interest rates in Singapore are forcing investors to look beyond investment-grade bonds, with at least ......