Category Archive: Rates/Bonds

2016 Singapore Rates Outlook : Diminished Prospects Is Like “Alamak, It’s Buay Pai But Sian”

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2016 requires a lot more contemplation than any year in the past decade, just in case you have not thought too hard about it, emerging bleary eyed from 2015 that had ended on… Continue reading →

2016, By The Ghost Of Christmas Yet To Come

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2015 is ending in one fine flux, on a bittersweet melody after the whipsaw love-hate years of “taper tantrums” since June 2013 which it was first broached. 30 months later in December 2015,… Continue reading →

2015 by The Ghost of Christmas Present

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PHOTO COURTESY OF WILDLIFE PHOTOGRAPHER, SIMON GOODMAN *********** This post was written a week ago for http://www.hnworth.com, a site targeting high net worth individuals in Singapore. Have fun reading… *********** 30,000 feet up… Continue reading →

Bond Market Thoughts : The Royals, The Bad And The Ugly

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This post was written a week ago for http://www.hnworth.com, a site targeting high net worth individuals in Singapore. Have fun reading… ******************************** You cannot help but read with great amusement that Singapore’s GIC… Continue reading →

USD New Bond Issue: CITIC ENVIROTECH USD SENIOR PERP-NC-3YR at 5.75%

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This is the issuer’s debut USD bond. Here are the details of the deal: ** NEW ISSUE: CITIC ENVIROTECH USD SENIOR PERP-NC-3Y – TERMS ** Issuer: CITIC Envirotech Ltd. (“Company”) Issue: Perpetual Securities… Continue reading →

Markets And Liquidity – Alienation, Fragmentation and Futility

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This post was written a week ago for http://www.hnworth.com, a site targeting high net worth individuals in Singapore. Have fun reading… ********************************   “You will never get out of life alive”, a quote… Continue reading →

SGD NEW BOND ISSUE : Lippo Malls 3 Year at 4.50%

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NOTE : PRICE GUIDE UPDATED ! **********************************   Barely a month has passed since the Trikomsel saga. Is the SGD bond market ready for a new issue from an Indonesian credit? Here are… Continue reading →

Singapore Fortnightly : Dismantle the Speed Cameras

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Economic Data Sep Industrial Production +0.5% MoM, expected +1.2% Sep Industrial Production -4.8% YoY, expected -4.5% 3Q15 Unemployment Rate 2%, expected 2.1% Oct PMI 48.9, expected 48.9 Oct Electronics Sector Index 48.6, expected… Continue reading →

SGD WEEKLY : Through the Looking Glass and the 2016 Auctions

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Some crazy short end moves following last week’s SOR and SIBOR divergence as we had pointed out : “Sibor rarely exceeds SOR given the opportunity for arbitrage by parties who would stripe out… Continue reading →

A Milken Moment : To Whom, The Duty Of Care ?

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This post was written a week ago for http://www.hnworth.com, a site targeting high net worth individuals in Singapore. Have fun reading… ********************************   A good friend of mine runs a pretty popular local… Continue reading →