PRIMARY CREDIT WATCH
ISSUES PRICED OVERNIGHT Fukoku Life US$ Hybrid – Priced US$500 MIO 5.00% traded at 101. Market level 101.125/101.35 BOCOM 5% US$ PERP CALLABLE 07/2020 Market level 100.10/100.20 ADANI PORTS Priced US$ 650… Continue reading
Category Archive: Rates/Bonds
SG50 : Singapore Savings Bonds ? (revised)
There goes … the SSB’s have been launched. http://www.sgs.gov.sg/savingsbonds/ Ok, some minor changes. No chance of roller coaster structure for coupon payments ! https://tradehaven.net/market/more-funny-stories-on-retail-bonds-and-singapore-savings-bonds/ “Should the reference yields not allow for step-up… Continue reading
PRIMARY CREDIT WATCH
CCB Leasing (CAYMAN) Gets $4.1b Orders for US$500m 5Y Bonds Co. sells bonds at +190bp, IPT +215bp area. By investor type Fund managers 53% Banks 29% Private banks 8% Insurers/sovereign wealth funds 7%… Continue reading
SINGAPORE RATES : The Central Bank Makes Profits
MAS remains profitable !! “THE Monetary Authority of Singapore (MAS) posted a sharply lower net profit of S$281 million for the year ended March 31, 2015, due to currency effects. The negative translation… Continue reading
NOT NOW, NOL : BONDS OR STOCK ?
16 July WSJ : TEMASEK SAID TO PUT NEPTUNE ORIENT LINES UP FOR SALE 20 July Neptune Orient Hasn’t Made Any Decision on Potential Sale of Co. NEPTUNE ORIENT LINES SHARES RISE 9.1%… Continue reading
CHINA FOCUS : DON'T GET MAD, GET EVEN
I would be surprised if there was no new surprise (s) daily out of China and they have not disappointed even to the extent of defending their GDP numbers which came solely from… Continue reading
Australian : Sell Everything Till The Cows Come Home
I think the only thing not for sale in Australia would be the Great Barrier Reef, which the Chinese would not dream of buying anyway, given the high cost of maintenance. $47 million… Continue reading
Bonds In Conversation : The Global Korban
My biggest apologies…. no SACRIFICE YET ! WAIT TILL SEPTEMBER ! Today is Hari Raya Haji PUASA in Singapore which is also known as the Eid al-Adha Fitr in the Middle East. An… Continue reading
SINGAPORE WEEKLY : THE INCONCEIVABLE GDP
Remember to be a Singapore economist is to be Politically Correct & Cautiously Optimistic ? https://tradehaven.net/market/fx/singapore-rates-weekly-being-politically-correct-and-cautiously-optimistic/ So, tell me who would dare forecast this -4.6% QoQ GDP number ? Ranking of Economists 1.… Continue reading
ROXY-PACIFIC HOLDINGS LIMITED SGD 3YR 4.75%
**ROXY-PACIFIC HOLDINGS LIMITED SGD 3YR – IPG 4.75% AREA** Issuer : Roxy-Pacific Holdings Limited Issuer Rating : Unrated Status : Senior Unsecured Issue Size : TBD Format : Bearer, Regulation S only and… Continue reading