When you read that 7 year German yields are at 0.70%, you start to appreciate Singapore interest rates a little more. It happened before in 1H last year when German yields were tested… Continue reading
NEW ISSUE: TAN CHONG INTERNATIONAL LIMITED SGD 2.5 YR ISSUER: Tan Chong International Limited SERIES: 001 STATUS: Direct, unconditional, unsubordinated and unsecured RATING: Unrated FORMAT: Reg S, S274 & 275 of SFA, issuance… Continue reading
TIONG SENG HOLDINGS SGD 3.5Y New Tiong Seng SGD 3.5yrs announced, deal is anchored Initial price guidance: Low 5% Issuer: Tiong Seng Holdings Limited Status: Senior, unsecured Rating: Unrated Format: Reg S, Bearer,… Continue reading
A friend informed me that he has made 18% trading SReits this year which is impressive because I did not think that SReits were all that exciting. But he is an SReit expert… Continue reading
Reading up on this Argentina debt deadlock and one wonders whose side are we on ? On one hand, we have a pretty recalcitrant, and probably corrupt, country that does not appear to… Continue reading
Investors cannot get enough of AUD but Australian companies are rushing out to issue in Europe where it is cheaper. SGSP Australia to Sell EU500m 8Y Bonds, IPT MS +90bps Area (8Y 1.23%+0.90%… Continue reading
I end the week with a somewhat fractured view and a profound sense of realisation of the role of the retail investor in bond space. The retail segment is not as fragmented as… Continue reading
Fed’s dovish stance yesterday led to some expectation adjustments in Libor rates and SGD rates followed suit today. The short end interest rates that we rely upon for fixing those housing loans as… Continue reading
It was a year ago when my friend, Dialastrategist, wrote a piece on Catastrophe bonds and how nicely they would fit into a portfolio, for the random uncorrelated risk that they present. One… Continue reading