Category Archive: Bond Markets

Welcome, 1% SIBOR. It Is For Real This Time.

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Appetide Cafe   It is Oxley on our minds this week when you can have the free papers devoting 10 pages to the Oxley saga that I am ashamed to admit I little… Continue reading

Op Ed : Can We Bring Back The 5 Year Singapore Government Bond Futures ?

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  Market Bash : All About Trump We can feel the levels of frustration build up, anxieties growing that just about anything can be construed as the tipping point for the correction of… Continue reading

Q4: More of the Same?

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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… Continue reading

** CHINA CITIC BANK INTL – US$ PERPNC5 AT1 (REG S) – 4.625% AREA

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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… Continue reading

Singapore Real Estate : A Landlord’s Insights 2016

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Photo courtesy of Ms Jeannie Tan, wildlife photographer, SF.   Back in 2013, friends and I arrived at the conclusion that the anchor of Singapore’s wealth lay in the thousands per square foot… Continue reading

NEW DEAL: State Bank of India USD AT1 Perp NC5, Mid 5% Area

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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… Continue reading

NEW DEAL: UOB US$ 10.5 NC 5.5Y Tier 2 Bond, IPT +200bp Area (~3.19%)

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(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… Continue reading

**DBS GROUP HOLDINGS LTD – US$ PERP NC5 AT1 PERPETUAL CAPITAL SECURITIES @ 4% AREA**

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**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… Continue reading

** NEW ISSUE: MAPLETREE COMMERCIAL TRUST SGD 10-YR PRICED AT 3.11% **

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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 / – /… Continue reading

Stanchart USD Perp AT1Coco IPG 8%

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(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… Continue reading