Category Archive: Rates/Bonds

Singapore Banks Headache & The USDSGD

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July 15 (Bloomberg) — Singapore’s June home sales rose for a second month to the highest since a March record as Moody’s Investors Service cut its outlook for the city’s banking system on… Continue reading

SGD New Issue : Help ! Oxley Is Back !

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** Oxley Reopening SGD 4.75% 5NC3 Notes due 11 July 2018 – Update #1 ** – Oxley announced the reopening of the existing 4.75% 5NC3 Fixed Rate Notes due 11 July 2018 on… Continue reading

SGD Rates and Bonds Weekly

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Economic News 2Q13 GDP +15.2% QoQ vs expected +8.1% 2Q13 GDP +3.7% YoY vs expected +2% May Retail Sales +3.2% YoY vs expected +1.8% May Retail Sales +2.1% MoM vs expected -1% May… Continue reading

New UOB 4.9% NC5 Perpetual Bond – No Meat Debut (Updated)

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New Issue: UOBSP 4.90% PERP NC5Y Issue size S$850M SOR+319. Book size: S$2.0BN, Deal stats: By investor: PB 74%, Insurance 11%, FM/Banks 11%, Public Sector Agencies: 4%. By location: Singapore 93%, Others: 7%.… Continue reading

REVISITING SGD PERPETUALS

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Perpetuals are hybrid securities that combines elements of both debt and equity securities. SGD 1 billion OCBC 5.1% retail pref share maturing on 29 July. UOB quickly launches the very first SGD bank… Continue reading

SGD New Deals : UOB Tier 1 and Aspial AGAIN (I did warn you before)

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NEW ISSUE: UNITED OVERSEAS BANK SGD ADDITIONAL TIER 1 PERPETUAL NC5 *** ISSUER:  United Overseas Bank Limited DESCRIPTION:   Subordinated, unsecured, non-cumulative, non-convertible perpetual capital securities REGULATORY TREATMENT:   Intended to qualify as… Continue reading

Weekend Credit Headlines

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France was cut by one step to AA+ from AAA, Fitch said today, joining Moody’s Investors Service and Standard & Poor’s in removing France from the shrinking club of top-rated governments. The outlook… Continue reading

Bonds In Conversation : Tapering The Taper For Old Times Sake

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We are ending the week well with headlines suggesting the tapering of the Taper as the commonly accepted interpretation of the FOMC minutes last night. All I know is that the taper is… Continue reading

Bonds to Watch : Cashflow Ahead

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Just read that Wilmar signs mandate for a $1.5 bio term loan and thought it was good news till I realise it was for their loan maturity this year. Wilmar Says Unit Signs… Continue reading

Olam Perp Update

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It sort of caught my attention that this bond is down 2 cents today while almost everything else is unchanged. Still not quite at its Dec 12 lows of 78.5 so I suspect… Continue reading