Welcoming The Horse With An OXley 5.1% Retap
How did I know that Oxley will not give us a break so soon ?
OXLEY REOPENING OF 5.10% 2016 NOTES
– Reopening of Oxley 5.10% Fixed Rate Notes Due 5 December 2016 (ISIN: SG59J1999880) on the back of reverse enquiry
– Tap at price 100.00 (will not change), plus accrued interest
– Existing Oxley 5.10% 2016 offering at 100.30
Because even the remisier king’s ex wife is suing banks which is totally unrelated to this glorious bond reopening that Singaporeans will be panting over.
Or because its time to work the money pumps while the stock price is up, which is the tried and tested formula for Ezra, Swiber and gang.
Have written about Oxley to death so I will not say anymore. I do not know where Oxley prices are because it is an illiquid market and highly intransparent. The pre-announcement price of Oxley 5.1% 12/2016 was 99.75/100.35 but you really have to bang tables and throw chairs to get it out of the banker.
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