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… Continue reading
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… Continue reading
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
**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