Category Archive: Rates/Bonds

CNH Bond Update

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Big deal of the week ICBC 6% AT1 CNH Coco (not on list) managed to trade above 102 but interest failed to sustain. Who can blame them with their stock market surging 20%… Continue reading →

BONDS IN CONVERSATION : TIME FOR A BLUE MOON 9

Bonds In Conversation : All We Have Is Hope

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Hope is a wonderful thing. Because with Hope, we need no results and Hope carries us to tomorrow and the day after and there will be no day of reckoning as long as… Continue reading →

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Singapore Bond Market Digest : Winners and Losers

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Some market statistics for us to chew upon. There has been approximately 147 new SGD dollar corporate bond issues in 2014 and 138 new issues in 2013. Extracting those that are trading under… Continue reading →

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New CoCo Issue Alert : ICBC AT1 PREFERENCE SHARES

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ICBC AT1 USD/CNH/EUR NEW REG S/144A MULTI CURRENCY (USD/CNH/EUR) AT1 PREFERENCE SHARES ANNOUNCED TOTAL AUTHORIZED OFFSHORE SIZE UP TO RMB 35BN (~US$5.7BN EQUIVALENT) ALL TRANCHES SUBSTANTIALLY OVERSUBSCRIBED FROM IOIs POST GLOBAL ROADSHOW PRICE… Continue reading →

China In Focus : Horse-Powered Rally

China In Focus : Horse-Powered Rally

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After last week and my thoughts on Chinese Ferrari-fleet weddings, the Straits Times reported a neat little Rolls Royce one in Tangshan and there will be more ahead as wild horses and commodity… Continue reading →

Australia In Focus : The Summer Heat Is On

Australia In Focus : The Summer Heat Is On

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This will be a longer piece because we will be taking a break from Australia in December to concentrate on the 2015 outlooks and to relax in the spirit of the festive and… Continue reading →

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Financial Vulnerabilities In Stability Part 2 – Sustained Growth in the Time of UMP

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To continue from part 1, I assume everyone has read the lengthy treatise that the MAS team painstakingly puts up each year. http://www.mas.gov.sg/~/media/resource/publications/fsr/FSR%202014.pdf It carries it usually cautionary tones that went unheeded last… Continue reading →

Bonds In Conversation : Oily Deflation Means The Best Assets In Life Aren't Free

Bonds In Conversation : Oily Deflation Means The Best Assets In Life Aren’t Free

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Markets are reeling from the OPEC decision which was already known a week ago but nonetheless still a confrontation of OPEC versus BoJ and the ECB. DEFLATION vs INFLATION And a wonderful solution… Continue reading →

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SGD Corps : Hall Of Shame Update

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I am not sure if folks will find this useful but I thought it would be good if readers got an update of last week’s market freeze and whether the risk asset rally… Continue reading →

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China In Focus : Remember that Ferrari Wedding ?

China In Focus : Remember that Ferrari Wedding ?

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I was wrong when I thought there was just 1 supercar wedding in China and now I cannot find that article because if you type “supercar wedding China” in the Google search, you… Continue reading →