While the majority was focused on the widely expected 0.25% rate hike yesterday, yours truly was more interested in the billions to trillions move on the Fed’s reverse repurchase program (RRP): “…Most notably,… Continue reading
The probable Dec rate hike by the Federal Reserve would probably be interpreted as a vote of confidence from the Federal Reserve on the strength of the US economy. This is probably good… Continue reading
Hearing that the company is offering to buy back S$350mm notional of the bonds at 103 plus accrued interest for tender instructions submitted before 21 December. That is a huge premium to the… Continue reading
Here are the details of the deal: Issuer: BNP Paribas SA Subordinated notes Issuer ratings: A1/A+/A+ Expected issue rating: Baa2/BBB/A Optional redemption: Issuer may redeem notes at par upon the occurrence of a… Continue reading
The uranium sector was hit hard in the aftermath of the 2008 Financial Crisis, then came another crisis in 2011, when a massive earthquake damaged nuclear facilities in Japan. That caused another big… Continue reading
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
As we look into the initial rate hike, it becomes clearer that Yellen honeymoon had ended: “…If the Fed does not move by December, then probably the phrase lame duck is going to… Continue reading
– Initial price thoughts low-mid 6% for a PerpNC5 AT1 – Strong interest received so far – Timing Wednesday at the earliest Thoughts: So after more than 2 weeks has passed since the… Continue reading
So yet another retail bond hits the market this week. Oxley Holdings, for sure, is not an unfamiliar name in the corporate bond market, at least for private banking clients. They have 4… Continue reading
This is an advertisement for all Trikomsel bond investors who would like to reach out to fellow investors to form a majority or quorum necessary for action. Email address of bond investor group… Continue reading