Photo courtesy of Ms Eleanor W., Perth, W.A.. Three quarters into the year, let’s take stock of where we are in terms of performance across the different equity and credit asset classes and regions: The clear outperformer has been […]
11 months after issuing their first SGD AT1, Julius Baer returns with a second one, with a similar structure to the one done last year. Issuer: Julius Baer Group Ltd Instrument: Reg S SGD Fixed Rate Reset Perpetual Additional Tier […]
Yet another Chinese AT1 hits the market. With response to last week’s Cinda AM Perp NC5 AT1 lukewarm, it will be interesting to see how investors take to this. The new Cinda AT1 is currently 99-99.25 putting it at 4.625% […]
Issuer: State Bank of India, acting through its DIFC branch Subordinated, ranking behind Tier 2 Notes, pari passu in respect of debt instruments classified as Additional Tier 1 Capital and senior to equity shares and perpetual non-cumulative preference shares of […]
(Bloomberg) — May price today. Issuer: United Overseas Bank Ltd Reg S Issuer ratings: Aa1/AA-/AA- Expected issue ratings: A2/–/A+ Subordinated Tier 2 Issuer optional redemption: One-time issuer call option at par in year 5.5, subject to prior consent of MAS […]
**DBS GROUP HOLDINGS LTD – US$ PERP NC5 AT1 PERPETUAL CAPITAL SECURITIES** ISSUER: DBS Group Holdings Ltd INSTRUMENT: Additional Tier 1 Perpetual Capital Securities RANKING: Subordinated, ranking behind Tier 2 instruments, pari passu with other Additional Tier 1 instruments and […]
ISSUER: Mapletree Commercial Trust Treasury Company Pte. Ltd. GUARANTOR: DBS Trustee Limited (in its capacity as trustee of Mapletree Commercial Trust) STATUS: Direct, unconditional, unsubordinated, unsecured Notes ISSUER RATINGS: Baa1 / – / – EXPECTED ISSUE RATINGS: Baa1 / – […]
(Bloomberg) — May price today. * Issuer: Standard Chartered PLC * 144A/Reg S * Instrument: USD Fixed Rate resetting perpetual subordinated contingent convertible securities * Ranking: Prior to any conversion trigger event, ranking in priority to ordinary shares, pari passu […]
Issuer: FCOT Treasury Pte. Ltd. Guarantor: British and Malayan Trustees Limited (in its capacity as trustee of FCOT) Expected Issue Rating: Baa2 (Moody’s) Status: Senior, unsecured Issue Size: TBD Format/Docs: Bearer / Issuer’s SGD 1 billion Multicurrency Medium Term Note […]
ISSUER: RKI Overseas Finance 2016 (A) Limited GUARANTORS: Road King Infrastructure Limited (1098 HK) and its subsidiaries (other than those established under the law of the PRC or special purpose vehicle subsidiaries incorporated for financing purposes) GUARANTOR RATINGS: B1 Stable […]
