Issuer: Sembcorp Industries Unrated, subordinated Distribution: Fixed. Reset in yr 10 based on prevailing SGD 10Y SOR plus initial spreads and every 10Y after Step-up: 100bps in yr 10 Distribution deferral: At issuer’s… Continue reading
I cannot believe how many phone calls I have got in the past 2 days about savings plans. About 3 or 4 from various insurance companies and banks, telling me all about their… Continue reading
It’s been a bad week for Asian currencies on the CNY rate cut and the currency that was unaffected by the rate cut ? CNY, of course ! Wow. China cuts rates and… Continue reading
Agile Property to Sell USD 5NC3 Bonds, IPT 9.375% Area Issuer: Agile Property Holdings Ltd. Guarantors: Certain non-PRC subsidiaries of the issuer Security: Capital stock of certain subsidiary guarantors Issuer ratings: Ba3/BB-/– Expected… Continue reading
Is it a bird ? Is it a plane ? Is it a bond ? Or what is it ? Singapore Savings Bonds – a sort of bond but more than that. My… Continue reading
My longtime friend, the Hongkie Babe, manages a sizeable CNH and CNY portfolio for a large fund based in Hong Kong. I decided to ask her the other day what she thought of… Continue reading
If you were scratching your head last week watching AUDUSD price action, keep scratching and say Fiddlesticks ! Many a trader died trading the AUD this week. It was the AUDNZD gangster pair… Continue reading
What is it about this week that we cannot pin down ? For I am struggling against myself and the scattered thoughts of mine, refusing to gel together to give myself a logical… Continue reading
After a weak session during Asian time, rates rebounded as NY came in, leading to a relief rally in stocks. With macro markets stabilizing, buyers emerged in Asian credit. In the IG space, there… Continue reading
ISSUER: Medco Energi Global Pte. Ltd. GUARANTOR: PT Medco Energi Internasional Tbk SERIES: 001 STATUS: Direct, unconditional, unsubordinated and unsecured Notes RATING: Unrated FORMAT: Reg S, S274 & 275 of SFA, issuance off… Continue reading
