2 new issues today out of familiar names. Nov. 18 (Bloomberg) — Person familiar with the matter says. • Issuer: Sembcorp Financial Services Pte. • Guarantor: Sembcorp Industries Ltd. • Maturity Date: May… Continue reading
What does one expect to gain by saying this ? “I can only say: I’m sorry, America. As a former Federal Reserve official, I was responsible for executing the centerpiece program of the… Continue reading
Not sure if this warrants a post. KSH Holdings Markets 2.5-Year Singapore-Dollar Bonds at 5.25% Issuer: KSH Holdings Ltd. • Tenor: 2.5 year • Price Guidance: 5.25% (the number) • Format: Reg S… Continue reading
Economic News Oct Electronics Sector Index 51.0 vs expected 50.9 Oct PMI 51.2 vs expected 51.0 IRS SGD rates settling into SGD strength and comfort zone for the week, ignoring half of the… Continue reading
UOB SGD TIER 1 – Benchmark SGD Perp-nc-6 BASEL III-compliant T1 issue with reset at the first call date and every 5-years thereafter – Initial Price Guidance: 4.90% area – Size: benchmark COMPS… Continue reading
“Success is a lousy teacher. It makes smart people think they can’t lose.” ~ Bill Gates Outflows continued from EM bond space, EM bond funds are observing outflows for 22 out of past… Continue reading
Nov. 7 (Bloomberg) — Buy back is for non-cumulative non-convertible non-voting class N preference shrs callable in 2020: DBS in exchange filing. DBS to accept tenders amounting to S$800m A Holder whose Existing… Continue reading
Reuters reported that FNN is heading for a showdown with bondholders who were unhappy with the terms of FNN’s offer for their papers. “F&N will be a very different company now with FCL… Continue reading
Economic News Unemployment Rates 3Q13 1.8% versus previous 2.1% Bank Loans and Advances Sep +15.7% YoY versus previous 15.4% IRS Higher rates reacting in line with higher US yields, the impression of a… Continue reading
Gunpowder, Treason and Plot I see no reason why gun powder, treason, Should ever be forgot It’s Guy Fawkes Day and Twitter will close its IPO at a 25% premium. I think necessary… Continue reading