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Primary Credit Watch

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China SCE sells $350m 5NC3 10% bonds, IPT 10.5% area BOC Gets $4b Orders for USD 3Y Bond, $3.5b for 5Y, $2.8b for 10Y Lender sells $1b 3Y bonds at +115bps vs IPT… Continue reading

Primary Credit Watch

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MONGOLIBANK OF CHINA USD/CNH/SGD MULTI-TRANCHE: MULTI-TRANCHE REG S REGISTERED TRANSATION ANNOUNCED IN USD/CNH/SGD PRICE GUIDANCE:      USD:    3YR:  T3+140BPS AREA 5YR:  T5+150BPS AREA 10YR:  T10+180BPS AREA CNH:    2YR:  3.75% AREA… Continue reading

Brekkie Bond Wrap

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We had a weak start to the week as fears of a Greek default and exit from the euro zone weighed on broader markets.  There was better selling across all sectors. In IG, we… Continue reading

Primary Credit Wrap

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Adani Ports Roadshow For 144a/Reg S USD Bonds Starts Tomorrow Investor meetings in Asia, Europe, Middle-East, U.S. start tomorrow. Issuer: Adani Ports and Special Economic Zone Ltd. Expected ratings: Baa3/BBB-/BBB- Ecpected issue rating:… Continue reading

Brekkie Bond Wrap

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The Asian credit market started the week on a weak note as the broader markets struggled.  There was some light net selling across the credit space, though it was concentrated in specific sectors.… Continue reading

Primary Credit Recap

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Here are some of the major deals that got priced overnight.  Notwithstanding the big gap up in global bond yields, secondary performance has been decent apart from Woori AT1 which has unsurprisingly struggled… Continue reading

Primary Credit Watch

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Global Logistic Properties Plans USD Bond Via Citi, DB, DBS Meetings in Singapore, HK and London from May 25. Reg S Expected ratings: Baa2/–/BBB+ JGCs: Citi, DB JBRs: Citi, DB, DBS Shui On… Continue reading

Brekkie Bond Wrap

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It was another active session across Asian Credit as we continue to consolidate, digesting the recent supply of new issues.   In the IG space, China Oil and SOE names are seeing better demand despite the pullback… Continue reading

Primary Credit Watch

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ASIA RECAP ICBC sells $500m 5Y notes at +120bps, IPT +145 area China Aoyuan sells $250m 3Y bonds at 10.875%, IPT 11.625% area Hsin Chong prices $50m tap of 8.75% 2018 bonds at… Continue reading

More SGD New Issues – HOTEL PROPERTIES LIMITED 6Y SGD and SOILBUILD BUSINESS SPACE REIT SGD 3Y

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*** HOTEL PROPERTIES LIMITED 6Y SGD – PRICED S$65MM AT 3.85% *** Issuer:                          Hotel Properties Limited Expected Issue Rating:     … Continue reading