SGD NEW ISSUE REVIEW : G8 EDUCATION LIMITED SGD 3 YR
G8 EDUCATION LIMITED SGD 3 YR – New G8 Education SGD 3yr announced with strong IOIs post SG roadshow – Initial price guidance: high 4s – Comps: Overseas Education Ltd 5.2 2019 @… Continue reading
Category Archive: Rates/Bonds
It Always Rains When The Car Is Washed – Volatility And Hedging Your Portfolio
I decided to wash the car on Sunday which had all the appearance of a hot and sunny day and turned out so. But as Murphy’s Law would have it, a single lone… Continue reading
Scrapping the bottom-of-the-barrel for yields
It has been a profitable ride especially for Asian credit investors buying into rated and unrated high yield bonds issued by a plethora of Asian companies over the last 2 years. Credit spreads… Continue reading
2 New SGD Issues : Gallant and Rickmers Trust 3Y
New Gallant Venture SGD 3yr announced on the back of strong reverse inquiries May 5 (Bloomberg) — Person familiar with the matter says. • Issuer: Gallant Venture Ltd. • Tenor: 3-yr • Initial… Continue reading
Bonds In Conversation : A May To Remember
40 days to the World Cup and they say we cannot sell in May because it is the probably the last leg for something to happen. Pfizer makes headlines with the largest acquisition… Continue reading
SGD New Issue Review : Yanlord 3Y 6.5%
April 28 (Bloomberg) — Price guidance in “6.5% area”: exchange filing. • Format: Reg S, according to a person familiar with the matter • Expected Issue Ratings: Ba3 / BB- (Moody’s/S&P), person said,… Continue reading
Bonds In Conversation – Excuse Me, Can I Borrow 20 Billion dollars, PLEASE ?
Behold, the world just saw the largest Junk Bond offering in history. April 24 (Bloomberg) — Billionaire Patrick Drahi is winning friends in the junk-bond market. After selling the equivalent of about $23… Continue reading
SGD New Issue Review : Far East Horizon 3.5Y 4.5%
FAR EAST HORIZON LIMITED (BBB-)SGD 3.5YR – New Far East Horizon SGD 3.5yrs announced post roadshow – Initial Price Guidance: 4.5% area – Issue Rating: BBB- (S&P) – Size: S$ Benchmark – Timing:… Continue reading
SGD New Issue Review : Golden Agri 3Y over 4%
NEW ISSUE : GOLDEN ASSETS INTERNATIONAL INVESTMENTS PTE. LTD. SGD 3 YR SENIOR – PRICE GUIDANCE ISSUER : Golden Assets International Investment Pte. Ltd. GUARANTOR : Golden Agri-Resources Ltd STATUS : Direct, unconditional,… Continue reading
New SGD Issue Review : CReit 6Y 4.1%
ISSUER: Cambridge-MTN Pte. Ltd. STATUS: Direct, unconditional, unsubordinated and unsecured Notes ISSUE RATING: Unrated CORPORATE CREDIT RATING:BBB- (Cambridge Industrial Trust’s Corporate credit rating; rated by Standard and Poor’s) ISSUE SIZE: TBD FORMAT/DOCS :… Continue reading