Singapore’s CNH Issues Update
How are the hyped about CNH issues doing ?
|UNITED OVERSEAS BANK LTD||2.5||24-Jun-16||98.256|
|DBS BANK LTD||2.5||7-Jun-16||98.206|
|STANDARD CHARTERED PLC||2.625||31-May-16||98.413|
Affected by the mini EM crisis that we are in and the liquidity squeeze in July.
But SGDCNY has strengthened since May which is saving grace.
Overall holding out and looking good as compared to their high yield counterparts in the real estate space.
|FANTASIA HOLDINGS GROUP||7.875||5/27/16||95.05|
|POWERLONG REAL ESTATE HL||9.5||5/27/16||94.42|
|YANLORD LAND HK CO LTD||5.375||5/23/16||95.60|
|GREENTOWN CHINA HOLDS||5.625||5/13/16||95.70|
|LAI FUNG HOLDINGS LTD||6.875||4/25/18||93.10|
|FUTURE LAND DEVELOPMENT||9.75||4/25/16||94.74|
|KAISA GROUP HOLDINGS LTD||6.875||4/22/16||96.92|
Must admit those yields are looking attractive.