New Issue in SGD : KSH Holdings 2.5Y 5.25%

Not sure if this warrants a post.

KSH Holdings Markets 2.5-Year Singapore-Dollar Bonds at 5.25%

Issuer: KSH Holdings Ltd.
• Tenor: 2.5 year
• Price Guidance: 5.25% (the number)
• Format: Reg S
• Timing: Expected this week’s business, as early as today
• Person asked not to be identified because the terms aren’t set

Unfamiliar name to me.

But if we go by the recent issues – Centurion 3Y 5.25%, Marco Polo Marine 2Y 5.75%, Heeton 2Y 5.60%, Enviro-hub 2Y 8.5% and United Envirotech 2Y 7.25%, this one falls a little short for whatever China exposure there is.

The 2Y and 3Y interest rates happen to be on a very sensitive part of the curve because of the certain rate hikes in the future, so 2.5 years is smart to play to retail  buyer’s ignorance.

Not many other comments except they did win a contract to build something in NEWest …..The Group has a 12.25% equity interest in Oxley Viva through its 35%-owned associated company, Unique Consortium Pte. Ltd., which has a 35% stake in Oxley Viva…..

** Oxley Viva – subsidiary of Oxley Holdings


Need some air…. good luck folks !