Category Archive: Rates/Bonds

Bonds In Conversation : Candy Rush then Candy Crushed

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There was a Candy Rush to list in the stock market and Candy Crush dropped 16% in its trading debut, bringing smiles to only the private equity company that invested in them because… Continue reading →

SGD New Issue Review : SIA 7Y 3.145% and 10Y 3.75%

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NEW ISSUE: SINGAPORE AIRLINES SGD 7YR & 10YR Issuer: Singapore Airlines Limited Status: Senior, Unsecured, Fixed Rate Rating: Unrated Format: Reg S, S274 & 275 of Singapore SFA, issued off the S$2bn Multicurrency… Continue reading →

SGD New Issue Review : Vallianz 2Y 7.5% and a story on listing pigs

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Vallianz Holdings 2Year NEW ISSUE: VALLIANZ HOLDINGS LIMITED SGD 2YR ISSUE Issuer: Vallianz Holdings Limited Status: Direct, unconditional, unsubordinated and unsecured Notes Rating: Unrated Format: Reg S, S274 & 275 of Singapore SFA… Continue reading →

Singapore Interest Rate Curve – Looking Ahead

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Decided to share this with readers. The pre and post FOMC interest rates that is stripped from the SG interest rate swap curve that is derived from 6 month SOR. It is segmenting… Continue reading →

My USDSGD Monetary Policy Statement Piece – Forward Guidance Please

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CONTINUED FROM Random Thoughts : Temasek, Olam and Watsons – When It is So Dumb, It Must Be Smart Recap.. My initial thought was that Temasek is getting out of SGD because Olam… Continue reading →

Bonds In Conversation : Back To The Future – Hope & Optimism

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Not a good week is perhaps an understatement although the ripples have yet to reach too many of the man on the street yet. I do not think we are deaf, dumb or… Continue reading →

SGD New Issue Urgent Review : HDB 7Y SGD Bond 3.008%

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Posthaste ! For all you out there salivating over the latest Capitamall Trust 3.08% A2 rated 7 year paper, there is HDB today. HDB is printing SGD 600 mio of 7 year bonds… Continue reading →

Darlings To Defaults – Behind Every Default Was Once A Good Investment

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Horror stories have pretty promising starts and behind every default was once a good investment. It starts like this. Jan 2012 Chaori Solar Energy Wins 110m Euro Solar Module Supply Contract Jan. 12… Continue reading →

Bonds In Conversation : Missing Something In The Bernama Triangle

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“There is no real precedent for a case like this. The plane vanished,” Malaysia’s Transport Minister BUT THERE IS …. THE BERMUDA TRIANGLE ! It is no big deal really, to make a… Continue reading →

Going Nuts, Cashew Nuts – Olam Bonds

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Temasek is going the way of cashew nuts, coffee and broken rice. March 14 (Bloomberg) — A Temasek Holdings Pte unit offered to buy Olam International Ltd. in a bid that values the… Continue reading →