Category Archive: Rates/Bonds

SGD NEW ISSUE REVIEW : CENTURY SUNSHINE 3YNC2 7.25%

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Issuer: Century Sunshine Group Holdings Guarantors: In accordance with program Reg S, not rated OCBC Century Sunshine Group Holdings Limited (509 HK) is involved in the business of research and development, production, and… Continue reading

Singapore Rates Weekly : A Little SOR-e

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USD LIBOR 1M 0.18485 3M  0.2845 6M 0.41865 SINGAPORE ECONOMIC DATA Apr CPI -0.6% MoM (exp -0.1%) Apr CPI -0.5% YoY (exp 0%) Apr Core CPI 0.4% (exp 0.7%) 1Q15 GDP 3.2% QoQ… Continue reading

SGD New Issue Review : ASCENDAS REIT SGD 7YR 3.375%

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NEW ISSUE: ASCENDAS REIT SGD 7YR – IPG 3.375% Issuer:   HSBC Institutional Trust Services (Singapore) Limited (in its capacity as trustee of A-REIT) Status:  Senior, unsecured, off SGD5 bio Multicurrency Medium                          Term Note… Continue reading

SGD NEW ISSUE REVIEW : FIRST SPONSOR GROUP LIMITED 3Y LOW 4%

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FIRST SPONSOR GROUP LIMITED  SGD 3Y –  First Sponsor Group Ltd announced new 3y SGD, driven by reverse enquiries post roadshow –  Initial price guidance: low 4% –  Timing: As early as today… Continue reading

Bonds In Conversation : The Centenarian Vs The QE Millionaire

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It is not easy to write anything today after a night’s vigil at your grandmother’s funeral wake. But I reasoned that sorrow is not the solution because I felt sadder for her in… Continue reading

Primary Credit Watch

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Global Logistic Properties Plans USD Bond Via Citi, DB, DBS Meetings in Singapore, HK and London from May 25. Reg S Expected ratings: Baa2/–/BBB+ JGCs: Citi, DB JBRs: Citi, DB, DBS Shui On… Continue reading

Brekkie Bond Wrap

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It was another active session across Asian Credit as we continue to consolidate, digesting the recent supply of new issues.   In the IG space, China Oil and SOE names are seeing better demand despite the pullback… Continue reading

SGD Bond Reopening : Gallant Ventures 7% 04/2018

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RE-OPENING: GALLANT VENTURE SGD 7.00% NOTES DUE 2018 – –    Re-opening of gallant venture SGD 7.00% Notes due 2018 –    Re-opening Price: 100.00 –    Re-Opening Size: TBD –    Timing: as early as today… Continue reading

SGD Bond Reopening : Golden Agri Resources 5.5% 2018

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GOLDEN-AGRI RESOURCES 5.5% 27/04/18 – REOPENING @ 100.75 ISSUER:  Golden Assets International Investment Pte. Ltd. GUARANTOR:   Golden Agri-Resources Ltd STATUS:Direct, unconditional, unsubordinated and  unsecured ISSUE RATING: Unrated FORMAT/DOCS:   Registered / Issuer’s USD1.5 billion … Continue reading

SINGAPORE RATES WEEKLY : CONSOR-LIDATING

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Economic Data Mar Retail Sales +1.1% MoM Mar Retail Sales +2.1% YoY versus expectations of +3.3% Mar Retail Sales Ex Auto -3.2% YoY Apr Non Oil Domestic Exports +2.2% YoY versus expectations -5%… Continue reading