Category Archive: Rates/Bonds

Bonds In Conversation : And The Best Bond Award Goes To

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SINGAPORE It is a subjective matter but the best bond on the menu in Singapore would go to the new 20Y government bond auctioned in Aug this year which is trading at 106.50… Continue reading

Horror Halloween Part 2 – SGD Corporates Bonds : What Fund Managers Are Saying And A Bit On Retail Bonds

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Two old friends whom I have grown up with, both running sizeable SGD bond portfolios in reputable asset management firms, over an honest drinks session which started with a discussion on the pros… Continue reading

Horror Halloween Special : SGD Corporate Bonds – New Vanke, Tata and Tata and Ananda

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Vanke SGD 4yrs announced and deal is already well anchored by real money accounts Coupon guidance :  3.30% Comps: Keppel land 3.1575 2017 @ 101.75, 2.67% Capitalmall Asia 3.95 2017 @ 104.85, 2.60%… Continue reading

Easy Money New Issue Review : Heeton Holdings

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NEW ISSUE: HEETON HOLDINGS SGD 2 YR ISSUE Issuer:           Heeton Holdings Limited Status:           Direct, unconditional, unsubordinated and unsecured Notes Rating:          Unrated Format:         Reg S, S274 & 275 of Singapore SFA Tenure:          2 Years… Continue reading

SGD Rates and Bonds Weekly

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Economic News Sep CPI +0.1% MoM vs expected +0.6% Sep CPI +1.6% YoY vs expected +2.0% IRS Core inflation +1.7% and the central bank is guiding 2014 inflation lower to 2-3%. Lots to… Continue reading

First USD Issue Guaranteed By Singapore Govt : Clifford Capital USD 5Y

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CLIFFORD CAPITAL US$ 5YR GUARANTEED NOTES: GUIDANCE T+57-60 ** Issuer:  Clifford Capital Private Limited Guarantor: The Government of Singapore Guarantor Ratings: Aaa / AAA / AAA (Moody’s / S&P / Fitch) Expected Issue… Continue reading

Bonds In Conversation : Desperately Seeking Some Value, Starting With Donuts

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It is called a sandwich and its HKD 58 which is about SGD 9.25, roughly what you would pay for a sandwich in MBFC. It is, however, done the proper Parisienne way, according… Continue reading

SGD Rates and Bonds Weekly

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Economic News Sep Electronic Exports -5.5% YoY vs expected +0.2% Sep Non Oil Domestic Exports -1.2% YoY vs expected -2.8% Sep Non Oil Domestic Exports +5.7% MoM vs expected +2.6% IRS Interest rates… Continue reading

Through The Looking Glass – SGS Auction Calendar 2014

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There is something facetious about issuing bonds when you really do not need the funding but when you are compelled by a fundamental need to have a yield curve and bonds that provide… Continue reading

Bond Market Health Scan : Singapore

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Numbers do not look good but do not be deceived. The market is showing some healthy diversification in the past months. We seeing pathetic bond market issuance activity, not seen since 2008-2009 during… Continue reading