Author Archive

SGD NEW ISSUES : LTA 7Y AND 12Y

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**NEW ISSUE: LAND TRANSPORT AUTHORITY OF SINGAPORE – SGD 7Y/12Y NOTES** ISSUER: Land Transport Authority of Singapore STATUS: Direct, unconditional, unsubordinated and unsecured Notes, issuance off the S$5 Billion Multicurrency Medium Term Note… Continue reading →

SGD NEW ISSUE : ASPIAL 5Y 5.25% SGD 75 MIO

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** ASPIAL TREASURY PTE. LTD. – SGD 5YR AT 5.25% ** ISSUER:  ASPIAL TREASURY PTE. LTD. (“Issuer”) GUARANTOR: ASPIAL CORPORATION LIMITED (“Guarantor”) STATUS:  Direct, unsubordinated, unconditional and unsecured TENOR: 5 years OFFER/ISSUE:  Up… Continue reading →

SGD Mid Week Recap : Singapore Slings Surprise !

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It has been more than unsettling for me when I painstakingly write 2 articles yesterday morning, one on Singapore’s first ever AT1 issue, to find them missing in the afternoon. If anyone has… Continue reading →

Preparing To Be Unprepared For The Minsky Moment

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This post was written a week ago for http://www.hnworth.com, a site targeting high net worth individuals in Singapore. Have fun reading… ******************************** Help, my son wants to read Economics for his GCSE examinations… Continue reading →

SGD BOND ALERT : SG LOVES GITI TIRES AND TATA STEEL BONDS !

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SINGAPORE LOVES GITI TIRES BONDS ! It started when I listed the bottom 5 bonds of last week on the forum for a reader and I realised that Gajah Tunggal (B2/B)  USD 7.75%… Continue reading →

AUSTRALIA FOCUS : STILL THE FAVOURED CHILD

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I misread the headlines as usual so it was a 14 consecutive yearly loss for the Wallabies against the All Blacks for the Bledisloe Cup yesterday as the AUD closed the week surprisingly… Continue reading →

CHINA IN FOCUS : A BLAST THAT WILL LEAVE NO ONE STANDING

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What a week for China starting with 3 days of continuous devaluations to end with a chemical blast in Tianjin port, the 10th largest in the world, that last left many dead or… Continue reading →

Forex Lesson 1 : So You Want To Trade FX ?

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I had readers ask about wanting to trade FX and how to start and thus I am writing this for everyone like them out there, wanting to play on the great big FX… Continue reading →

New Issue Review : Guocoland SGD Senior Perpetual NC 3Y

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*** GUOCOLAND SENIOR PERP-NC-3: UPDATE #1 *** * NEW SENIOR PERP-NC-3 ANNOUNCED, ANCHORED BY SUBSTANTIAL INTEREST * PX GUIDANCE AT LOW 5% AREA * STRUCTURE: SENIOR PERP-NC-3, RESET IN YEAR 3 & EVERY… Continue reading →

Hindenburg Headache and Jaws of Death – S&P 500

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Hindenburg omen was mentioned a few times last month and they have gone quiet after the SPX flew to historic highs. I was lucky I did not pay much attention to it, keeping… Continue reading →