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| As at end-2006, 33% of the Group’s
total debt was funded by capital market
bond issuances and the balance 67%
was funded by bank borrowings from
financial institutions. The higher percentage
of debt raised from capital markets was
due to the issuance of the S$430 million
10-year convertible bond in November
2006 and approximately S$380 million
debt securities was issued via the
medium-term note programme. During
the year, funding from bank sources
increased to about S$800 million and
these loans were mainly raised to fund
the acquisitions of investments in China. |
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