Australia Focus : Thank You BoJ, No Thank You Fed !
Yes. Thank you BoJ, Kuroda, GPIF, Aso and Abe. If you want to know what is the shape of things to come, just take a look at the relative performances of the various… Continue reading
Category Archive: Rates/Bonds
Bonds In Conversation : Sure Win 4 You Game Changers
Apologies for the late report and prices this week. I had some trouble with my PC. 10 Singaporeans and another 4 foreigners from China and Hong Kong have lodged reports with the Commercial… Continue reading
Through the Looking Glass – SGS Auction Calendar 2015 and Mini Auction Update
The MAS is getting savvy. Reducing the government bond issuance next year and throwing in the “mini auctions” just when the US is running out of bonds to sell given that the Federal… Continue reading
SGD NEW ISSUE : MAPLETREE COMMERCIAL TRUST SGD 5Y
ISSUER: Mapletree Commercial Trust Treasury Company Pte Ltd GUARANTOR: DBS Trustee Limited (in its capacity as trustee of MCT) ISSUE RATING: Expected to be Baa2 by Moody’s STATUS: Senior, Unsecured FORMAT : RegS,… Continue reading
SGD New Issue Review : Grand China Air (Guaranteed by Hainan Airlines)
GRAND CHINA AIR (HK) GUARANTEED SGD 3Y _ New Grand China Air (HK) SGD 3Y announced post roadshow. Deal is anchored – Guarantors: Hainan Airlines Co.,Ltd.and Grand China Air Co., Ltd. – Initial… Continue reading
SGD New Issue Review : Tata International SGD Guaranteed Perpetual NC5
Issuer: Tata International Singapore Pte. Limited Guarantor: Tata International Limited Rating: Unrated Format: Regulation S, Registered Form and S274/275 of SFA Size: TBD Maturity: Perpetual Issue: Guaranteed Senior Perpetual Capital Securities Price Guidance:… Continue reading
SGD New Issue Review : CAMBRIDGE-MTN PTE LTD (Amended)
NEW ISSUE: CAMBRIDGE-MTN PTE. LTD SGD 4YR SENIOR ISSUER: Cambridge-MTN Pte.Ltd. GUARANTOR: RBC Investor Services Trust Singapore Limited (in its capacity as trustee of Cambridge Industrial Trust) STATUS: Direct, unconditional, unsubordinated & unsecured… Continue reading
SGD New Issue Review : Oxley 2Y 5.25%
NEW ISSUE: OXLEY MTN PTE LTD SGD 2 YR ISSUE – New Oxley Mtn Pte Ltd SGD 2yrs announced on the back of reverse interests – Initial price guidance: 5.25% area – Issue… Continue reading
SGD NEW ISSUE REVIEW : LOYZ 2.5Y 9%
LOYZ ENERGY LIMITED 2.5Y SGD Issuer: Loyz Energy Limited Rating: Unrated Status: Senior, unsecured Relevant DSRA: Applicable Issue Size: TBD Format/Docs: Reg S Bearer / Issuer’s SGD 250 million Multicurrency Medium Term Note… Continue reading
China Focus : Rule of Law or Rule of Smog ?
Misty days as Beijing remains shrouded in smog and intrigue as pilots learn to land blindly. Good news is that the people will get a holiday during the APEC summit next month. http://www.reuters.com/article/2014/10/25/us-china-pollution-idUSKCN0IE02L20141025… Continue reading