As
at end 2007, 42% of the Group’s total debt
was raised through a diversified mix of the capital
market bond issuance and the balance 58% was through
bank borrowings. The higher percentage of debt
raised from capital markets was mainly due to the
issuance of a S$1.0 billion, 15-year convertible
bond in June 2007. During the year, bank loans
increased by about S$200.0 million and these loans
were mainly raised to support funding for its overseas
investments.
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