MAPLETREE INDUSTRIAL TRUST SGD 8YR 3.02% S$75M Privately placed so it is a case of willing buyer and seller. Mapletree Industrial Trust BBB+ rated by Fitch. 8 year interest rates at 2.25% and… Continue reading
RAFFLES EDUCATION – SGD 5.9% MAY-18 TAP TAP OF THE RLSSP 5.9% May-18 ANNOUNCED DRIVEN BY REVERSE INQUIRIES PRICE GUIDANCE: 100.00 AREA EXPECT TODAY’S BUSINESS Comparables : Raffles Education 5.9% May-2018 100.25 /… Continue reading
Binhai Investment Gets >$3.5b Orders for $200m 3Y Bonds Co. sells bonds at +245bp, IPT +280bp area. Co. gets >$3.5b orders from ~160 accounts BANK OF INDIA LAUNCHES $750M 5Y NOTES AT T+185BPS… Continue reading
Some people could not wait till next month to get their cars when COE supply is expected to soar by 41%. And of course it was Cat B and Cat E that inflated… Continue reading
Reliance Communications Gets >$650m Orders for $300m Bond Priced at 6.5%, IPT 6.5% area. Over $650m orders from >100 accounts By region Asia 75% Europe, Middle East 25% By investor type Fund managers,… Continue reading
Shares and bonds took a hit today after a creditor lawsuit for $1.2 mil which has been described by a friend as a “petition of vexatious nature”. http://www.straitstimes.com/news/business/markets/story/otto-marine-shares-tumble-creditor-seeks-liquidation-20150427 Because a $161 mio market… Continue reading
Reliance Communications to Sell USD 5.5Y Bonds, IPT 6.5% Area Issuer: Reliance Communications Ltd. Issuer ratings: Ba3/–/BB- Expected issue ratings: Ba3/–/BB- Reg S UOP: Capex or any other permissible use under RBI… Continue reading
In the IG space, after opening 2-3 better, the tightening was reversed and we ended a touch softer on the day. Indian credits continued to be sought after and outperformed the broader market. The new… Continue reading
UEL 3YR SGD – New UEL 3yr SGD announced on the back of strong IOIs following 2 days of investor meetings – Initial Price Guidance: 5% area – Issue Size: TBD – Timing:… Continue reading
Golden Agri-Resources Gets SGD175m Orders for SGD125m Bonds Priced at 5.5%, IPT mid-5%. SGD175m orders United Envirotech to Sell SGD 3Y Bonds, IPT 5% Area Issuer: United Envirotech Unrated Reg S Redemption… Continue reading