Continued rumblings in the China growth story as FDI falls 17% and borrowings continue to soar with Beijing becoming the 8th region to issue their own local government bonds for CNY 10.5 billion… Continue reading
The US market saw the lowest weekly high yield issuance volume since Aug 2011 even as demand resurfaces with a $ 680 mio inflow last week which followed a record breaking $ 7.1… Continue reading
NEW ISSUE: PACIFIC RADIANCE LTD. SGD 4YR ISSUE Issuer: Pacific Radiance Ltd. Status: Direct, unconditional, unsubordinated and unsecured Notes Rating: Unrated Format: Reg S, S274 & 275 of Singapore SFA Tenure: 4 Years… Continue reading
The FTSE Straits Times Real Estate Investment Trust Index is up 7.2 % on the year and 179% higher than its low back in Mar 2009. 10Y Chart of SREITS and their dividends… Continue reading
Dear Capitaland, whom we have not seen since 2012. CAPITALAND 10Y SGD NEW 10Y SGD ANNOUNCED INITIAL PRICE GUIDANCE: 4% AREA SIZE: SGD BENCHMARK AS EARLY AS TODAY’S BUSINESS A surely must have… Continue reading
The noisy minority continues to bleat … “secular stagnation”, “complacency”, crash, crash, crash is coming. “secular stagnation” was brought up by Larry Summers in December last year and I have been quite a… Continue reading
ASCENDAS INDIA TRUST 5YR SGD NEW ASCENDAS INDIA TRUST SGD 5YR ANNOUNCED FOLLOWING PRICE GUIDANCE: 4% AREA COMPS Security AITSP 3.50% 2016 2.85% 101.35 AREIT 2.50% 2019 2.47% 100.125 AREIT 4.00% 2022 3.33% … Continue reading
NAM CHEONG: SGD 5 YR ISSUE – New Nam Cheong SGD 5yr announced. Deal is strongly anchored. – Initial price guidance: low 5s Comps: Nam Cheong 5% 08/2017 100.95/102.05 4.66/4.27% Nam Cheong 6%… Continue reading
KRISENERGY 4YR SGD NEW 4 YEAR KRISENERGY SGD BENCHMARK ANNOUNCED PRICE GUIDANCE: 6% AREA MINIMUM CASH COVENANT INCREASED TO USD20MM – COVERS MORE THAN ONE YEAR OF DEBT SERVICE OF NEW SGD NOTES… Continue reading
Top tiered Chinese banks will hit the domestic bond market for US 21 bio in Basel 3 compliant sub debt as loan growth slowed dramatically. Most analysts are unwilling to relinquish their risk… Continue reading