Category Archive: Rates/Bonds

Bonds In Conversation : The Day The Music Died (Updated)

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  I have a personal signal for market distress. 2nd hand Lamborghinis for sale. In the recent month, we have seen the listings jump a few fold. Someone told me long ago that… Continue reading

SGD NEW ISSUE REVIEW : NAM CHEONG 4Y

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*** NEW ISSUE: NAM CHEONG SGD 4 YR ISSUE *** Issuer:                   Nam Cheong Limited Status:                   Direct, unconditional, unsubordinated and unsecured                             Notes Rating:                   Unrated Format:                   Reg S, S274 & 275 of Singapore SFA Tenure:                  … Continue reading

Which SGD Bonds Have Widened And Which Haven’t (Amended)

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Decided to do some stats for the 2013 SGD corp issues. Out of the 87 or so issues this year, about 45 are under 100, another 24 trading above 100 and the rest,… Continue reading

SGD RATES AND BONDS WEEKLY

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Economic News Jun Retail Sales Ex Auto +2.6% YoY vs expected +3.3% Jun Retail Sales -4% YoY vs expected +2.3% Jun Retail Sales -6.9% MoM vs expected -1.8% Jul Electronic Exports -7.6% YoY… Continue reading

Disneyland – The Singapore Government Bond Market

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To be read with a pinch of salt and huge dose of compassion.   Introduction Growing up with the bond market when Singapore was just a wee player in the big ball park,… Continue reading

Bonds In Conversation : LOST

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It is an Uneven, UnCorrelated and UnPredictable world out there. Look at the stock indices year to date. Some up and some down. DOW JONES INDUS. AVG 18.55% S&P 500 INDEX 20.18% NASDAQ… Continue reading

Lessons from the SGD Sembcorp Perpetual Bond

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My impression is that the issue went badly. For a household name to fail to garner more than 400 mio in orders and names like Goodpack and Banyan Tree getting more orders than… Continue reading

SGD Rates and Bonds Weekly

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Economic News 2Q Final GDP 15.5% QoQ vs expected 14.2% 2Q Final GDP 3.8% YoY vs expected 3.5% IRS It was a short week for Singapore with most of the action in USDSGD… Continue reading

SGD Rates and Bonds Weekly

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Economic News 2Q Final GDP 15.5% QoQ vs expected 14.2% 2Q Final GDP 3.8% YoY vs expected 3.5% IRS It was a short week for Singapore with most of the action in USDSGD… Continue reading

SGD New Issue Alert : Semb Corp Industries Perpetual Bond

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To make those who had rushed into Ezion yesterday feel slightly sore about their 4.6%. ** SEMBCORP INDUSTRIES SGD SUBORDINATED PERPNC5 – PX GUIDANCE ** Issuer: Sembcorp Industries Limited (“SembCorp”) Issue:  SGD Perpetual… Continue reading