Category Archive: Rates/Bonds

SGD New Issue Review : Ezra 2Y

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2 Ezions this year and now Ezra as they bag a new sub-sea projects in West Africa and Asia, including a deepwater pipeline installation project in the South China Sea, collectively worth US$125… Continue reading →

China & Japan Deficits, US Treasuries & Tears

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Ok. It looks like Japan is not working out and today’s numbers prove it, setting a new record for her worst current account deficit and lowest GDP number since Abe came into office.… Continue reading →

3 New Issue Reviews : Amtek Engineering, UOB USD 10.5NC5.5 Tier 2 and Sabana Reit

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NEW ISSUE: AMTEK ENGINEERING LTD SGD 5NC3 YR ISSUE ISSUER: Amtek Engineering Ltd SERIES: 001 STATUS: Direct, unconditional, unsubordinated and unsecured Notes RATING: Unrated FORMAT: Reg S, S274 & 275 of SFA, issuance… Continue reading →

Bonds In Conversation : Out Of Touch

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It is hard to begin even thinking about all the events of the week a heavy miasma of incredulous thoughts clouding my mind as to the seemingly unrelated developments that has served to… Continue reading →

New SGD Issue Review : CWT 3Y

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CWT LIMITED SGD 3YRS CWT SGD 3yrs announced Initial Price Guidance at low 4s PB selling concession: XX Timing: This week’s business, as early as today Comps: CWT 3.9 2019 at 4.62% Almost… Continue reading →

Bonds In Conversation : Stuck At The Green Light With Unfinished Business

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Lornie Road into Marymount Road. Choke, splutter and spit but the cars ain’t gonna move at 720 am in the morning because whoever programmed the timing of the lights there got it majorly… Continue reading →

SGD New Issue Review : Ping An 5.5Yrs SGD 4.375%

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*** NEW ISSUE: PING AN 5.5-Year SGD *** Issuer: Value Success International Limited. Guarantor: China Ping An Insurance Overseas (Holdings) Limited. Keepwell Provider: Ping An Insurance (Group) Company of China, Ltd. Status:  Senior,… Continue reading →

SGD New Issue Review : SMU 10Y SGD, finally

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*** NEW ISSUE: SINGAPORE MANAGEMENT UNIVERSITY SGD 10YR *** Issuer:  Singapore Management University Status:  Senior, Unsecured, Fixed Rate Expected Issue Rating: Aaa (Moody’s) Format: Reg S, S274 & 275 of Singapore SFA, issued… Continue reading →

Bonds In Conversation : Curling Away On Thin Ice

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A cursory scan through the news for the week made me relieved that I had not been paying too much attention to the markets and, instead choosing to do some stuff about the… Continue reading →

SGD New Issue Quick Review : Starhill Global REIT MTN SGD 7Y 3.5%

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ISSUER :   Starhill Global REIT MTN Pte. Ltd. GUARANTOR :   HSBC Institutional Trust Services (Singapore) Limited (in its capacity as trustee of Starhill Global Real Estate Investment Trust) STATUS : Direct, unconditional, unsubordinated… Continue reading →