SSUER: Estate Sky Limited GUARANTOR: CSI Properties Limited (497 HK) RATING: Unrated FORMAT: Reg S, Registered Form STATUS: Direct, unsecured and unsubordinated obligations of the Issuer ISSUE SIZE: TBD TENOR: 5-Year PRICE GUIDANCE:… Continue reading
Issuer: Industrial and Commercial Bank of China (Asia) Issuer ratings: A2/–/A Basel-III non-cumulative subordinated AT1 Exp. issue rating: Ba1/–/– Reg S UOP: Funding, GCP Distribution rate: Fixed rate, subject to fixed reset periods,… Continue reading
Issuer: Olam International Limited Issue: USD Subordinated Perpetual Securities Ratings: Unrated Format: Registered / Reg S. Off Issuer’s US$5 billion EMTN Programme Issue Size: US$ TBD Tenor: Perpetual NC5 Ranking: Subordinated; senior only… Continue reading
NEW DEAL: Frasers Centrepoint $Bench 5Y Bond, IPT +190bp Area (~2.93% YTM) May price today. Issuer: FCL Treasury Pte. Ltd. Guarantor: Frasers Centrepoint Ltd. Unrated, Reg S Bookrunner/lead manager: OCBC Some relevant comps… Continue reading
Issuer: BPCE (BBG Ticker : BPCEGP) Status of Notes: Tier 2. Subordinated to Senior Obligations, senior to prêts participatifs, titres participatifs and any deeply subordinated obligations of the Issuer; Senior Obligations being all… Continue reading
**NEW ISSUE: HYFLUX LTD SGD SUBORDINATED PERP NC4 AT 6.00% (SUBJECT TO RESET/STEP-UP FROM AND INCLUDING 27 MAY 2020 AND EACH SUCCESSIVE DATE FALLING EVERY 4 YEARS THEREAFTER) ** ISSUER: Hyflux Ltd (“Issuer”)… Continue reading
Issuer: Manulife Financial Corporation (MFC) Instrument: Dated Subordinated (Tier 2) Callable Fixed-to-Fixed Rate Notes Status of Notes: Direct, unsecured and subordinated indebtedness of the Issuer, ranking equally and rateably with all other subordinated… Continue reading
ISSUER : HSBC Institutional Trust Services (Singapore) Limited in its capacity as trustee of Mapletree Logistics Trust (“MLT”) ISSUE : SGD Fixed Rate Subordinated Perpetual Securities STATUS : Direct, unsecured and subordinated obligations… Continue reading
Issuer: United Overseas Bank Ltd. Reg S Issuer ratings: Aa1/AA-/AA- Exp. issue ratings: A3/–/BBB Distribution payment: Fixed rate, payable semi-annually in arrear, fully discretionary, on a non-cumulative basis Reset mechanism: If not called… Continue reading
Issuer: SOCIETE GENERALE (BBG Ticker : SOCGEN) Status of Notes: Dated Subordinated, Tier 2, pari passu with existing Tier 2s (see EMTN Programme dated 14 March 2016 and supplemented thereafter condition 3b Status… Continue reading