CDL to sell first tranche of S$1b Islamic bond by year-end

CDL to sell first tranche of S$1b Islamic bond by year-end
 
SINGAPORE: City Developments (CDL) will sell the first tranche of its S$1 billion denominated Islamic bond, or Sukuk, by the end of this year.
 
The property developer has tied up with Malaysian lender CIMB to issue the first corporate Sukuk offering in Singapore.
 
It also [...]

CityDev to issue 1st trance of S$1b bond programme by year-end

CityDev to issue 1st trance of S$1b bond programme by year-end
Singapore-listed City Developments will issue the first trance of its planned 1 billion Singapore dollar-denominated Islamic bond programme, by the end of this year.
 
The property giant may inject its own properties in the bond securities.
 
The bond issue is the first corporate Islamic Sukuk offering [...]

Time for bargains?

Time for bargains?
 
Some frightened investors selling homes cheap: Developer
 
AS HIGH-END home prices fall, Mr Kwek Leng Beng says there are now some bargains available for smart investors.
 
“What has gone up very high in a straight line will also come down,” said the executive chairman of one of Singapore’s biggest developers, CityDevelopments (CDL). [...]

City Developments Q2 profit down 15%

City Developments Q2 profit down 15%
City Developments has posted a 15 percent fall in quarterly net profit as property sales slumped in the first half of this year
 
In a filing with the Singapore Exchange, the company said today that its second quarter net profit stood at 165 million dollars, down from the 194 million [...]