Floating rates are back on the radar, but fixed mortgages still rule Singapore’s home loans

Floating rates are back on the radar, but fixed mortgages still rule Singapore’s home loans

After several years of rate volatility, many borrowers are placing greater emphasis on certainty [SINGAPORE] Interest in floating-rate home loans is picking up in Singapore as borrowing costs fall and expectations build for further rate cuts, but fixed-rate mortgages remain the preferred choice for most homeowners amid lingering uncertainty over where rates will settle. Market…

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SIA prices S$500 million 10-year notes at 2.7% fixed rate

SIA prices S0 million 10-year notes at 2.7% fixed rate

[SINGAPORE] Flag carrier Singapore Airlines ( SIA ) has priced S$500 million in 10-year notes at a fixed rate of 2.7 per cent per annum, with proceeds to be used for aircraft purchases and other corporate purposes. The bonds, which are expected to be issued on Jan 30, will be offered in denominations of S$250,000,…

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Wee Hur prices S$175 million fixed rate notes due 2030 at 4.8%

Wee Hur prices S5 million fixed rate notes due 2030 at 4.8%

[SINGAPORE] Property developer Wee Hur on Tuesday (Oct 28) launched and priced its inaugural offering of S$175 million worth of fixed rate notes due in 2030 at 4.8 per cent. Pursuant to Wee Hur’s S$500 million multicurrency medium term note programme established on May 29, the notes are expected to be issued on Nov 4…

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Amazon Web Services has fixed global outage that hit multiple websites, apps

Amazon Web Services has fixed global outage that hit multiple websites, apps

Crypto exchange Coinbase, as well as games Fortnite and Roblox, were among those affected AMAZON Web Services (AWS), the world’s largest cloud provider, said its service had recovered after a widespread disruption on Monday (Oct 20) degraded services for a range of customers including government agencies, AI companies and financial platforms. AWS has fixed an…

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UOL unit prices S$75 million fixed rate notes at 2.78%

UOL unit prices S million fixed rate notes at 2.78%

They will be issued as the second tranche of the fifth series of a S$2 billion multicurrency medium-term note programme [SINGAPORE] Property player UOL on Wednesday (Jul 9) announced that its wholly owned subsidiary UOL Treasury Services (UTS) has priced S$75 million worth of fixed rate notes at 2.78 per cent. The notes will be…

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Hong Kong steps up defence of FX peg as fixed range tested again

Hong Kong steps up defence of FX peg as fixed range tested again

[HONG KONG] Hong Kong’s de facto central bank ramped up purchases of the city’s currency as it sought to defend a peg that has been strained by volatility in the greenback. The Hong Kong Monetary Authority (HKMA) bought HK$20.02 billion (S$3.2 billion) of the city’s currency after indicative pricing suggested the local dollar touched the…

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Sembcorp unit prices S$300 million fixed rate notes at 3.55%

Sembcorp unit prices S0 million fixed rate notes at 3.55%

The offering is close to seven times oversubscribed against the target issuance size [SINGAPORE] Sembcorp Industries announced on Wednesday (Jun 25) that its wholly owned subsidiary Sembcorp Financial Services (SFS) had priced the issuance of S$300 million worth of fixed rate guaranteed notes. The issuance comes under the S$5 billion Euro Medium Term Note programme…

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