For those who missed it, the balloting results for the SIA 3.03% 5 year retail bonds are out.
As expected, the offering was upsized from the original S$500 million to S$750 million (S$300 million public tranche upsized to S$450 million, S$200 million institutional tranche upsized to S$300 million).
Weak Demand for SIA Retail Bonds?What was less expected though, was how weak the demand for these bonds was:
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