Primary Credit Recap
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
Category Archive: Rates/Bonds
PRIMARY CREDIT WATCH : NEW ISSUES GALORE
LENOVO CNY BENCHMARK 5-YEAR REG S CNH ** NEW CNY REG S 5-YR ANNOUNCED ** SIGNIFICANT IOIs TAKEN DURING THE ROADSHOW ** INITIAL PRICE GUIDANCE: 5.375% AREA ** EXPECTED SIZE: CNH3 – 3.5BN… Continue reading
SINGAPORE RATES WEEKLY : 2 JUNE 2015
US LIBOR 1M 0.184 3M 0.28375 6M 0.42465 We are seeing a significant drop in bank loans, down 1% from last month which is biggest drop we have had in years after ballooning… Continue reading
Australia Focus : From Meh To Bleh
The AUDUSD continues to track Mount Everest for the month of May and we are right down to the base camp level now (and I still cannot believe Dark Knight called the high… Continue reading
China Focus : Conspiracy Theory Coming True To Make Suckers Of You
It is all about the stock market and we said this some months back. “The MSCI World Index is an important benchmark – it covers approximately 85% of the free float-adjusted market capitalization… Continue reading
Bonds In Conversation : What Do We Do With The Drunken Sailor In Mid Year ?
What shall we do with a drunken sailor, What shall we do with a drunken sailor, What shall we do with a drunken sailor, Early in the morning? It’s mid year, we are… Continue reading
USD New Issue : Peking University Founder Group 3Y 5.75%
Issuer: Dawn Victor Limited (旭勝有限公司) (the“Issuer”) Guarantor: Founder Information (Hong Kong) Limited (the “Guarantor”) Keepwell Deed and Deed of Equity Interest Undertaking Provider: Peking University Founder Group Company Limited (the “Company”) Issue : U.S.$… Continue reading
SGD New Issue Review : Banyan Tree 5Y 5%
Issuer: Banyan Tree Holdings Ltd. Reg S, unrated CIMB, HSBC Last looked at them last year when they came for a 5 year bond at 5% exactly 1 year ago today on the… Continue reading
PRIMARY CREDIT WATCH
YESTERDAY Garuda Global Sukuk USD 500mio 5.95% 06/2020 priced at 99.256 6.125% CIFI Holdings Group (B1/BB-) USD 400mio 5NC3 7.75% 06/2020 priced at 99.491 7.875% Fantasia Holdings (B3/B) USD 200mio11.5% 06/2018 priced at… Continue reading
SGD New Issue : Guocoland 3.25Y 3.4%
GUOCOLAND SG$ 3.25YR – Final Price Guidance: 3.40% (initial price 3.65%) – Orderbook c.$100m – Issue Size: Expect SG$75m – Timing: Books subject, today’s business