Category Archive: Market

CENTURY SUNSHINE 7.2% 3YNC2 SGD ISSUE RE-TAP

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Issuer: Century Sunshine Group Holdings Ltd. Guarantors: In accordance with the program Reg S, Unrated Reopening issue: SGD75m 7.20% 2018 bonds UOP: In accordance with the program Tenor: 3 NC2 Redemption upon change… Continue reading →

CHINA FOCUS : THE LAST BULL IS THE CENTRAL BANK

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And China makes another move to global reserve currency status, widening of the trading range of the CNY, a step in the right direction on market liberalisation despite IMF’s criticism of their “market… Continue reading →

AUSTRALIA FOCUS : THE KOALA IS A BEAR

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Gosh, can there be any more negativity on the land of sunshine, blue skies and golden coastlines ? *S&P: COULD LOWER AUSTRALIA RATING IF BUDGET DOESN’T IMPROVE I hardly get it because Australia’s… Continue reading →

BONDS IN CONVERSATION : LICKING WOUNDS

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We now know that licking does help wounds and the best time to do that would be during the calm after the storm. Bonds and equities stable for the week with the S&P… Continue reading →

PRIMARY CREDIT WATCH

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ISSUES PRICED OVERNIGHT   Fukoku Life US$ Hybrid – Priced US$500 MIO  5.00% traded at 101. Market level 101.125/101.35 BOCOM 5% US$ PERP CALLABLE 07/2020 Market level 100.10/100.20 ADANI PORTS Priced US$ 650… Continue reading →

THE TRADEHAVEN TIPS ON THE SINGAPORE BOND MARKET SEMINAR

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Dear readers, Thank you for the support and patience so far ! I have a problem about always trying to be different and that is why the seminar has taken longer than expected… Continue reading →

SG50 : Singapore Savings Bonds ? (revised)

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  There goes … the SSB’s have been launched. http://www.sgs.gov.sg/savingsbonds/ Ok, some minor changes. No chance of roller coaster structure for coupon payments !  https://tradehaven.net/market/more-funny-stories-on-retail-bonds-and-singapore-savings-bonds/ “Should the reference yields not allow for step-up… Continue reading →

PRIMARY CREDIT WATCH

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CCB Leasing (CAYMAN) Gets $4.1b Orders for US$500m 5Y Bonds Co. sells bonds at +190bp, IPT +215bp area. By investor type Fund managers 53% Banks 29% Private banks 8% Insurers/sovereign wealth funds 7%… Continue reading →

SINGAPORE RATES : The Central Bank Makes Profits

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MAS remains profitable !! “THE Monetary Authority of Singapore (MAS) posted a sharply lower net profit of S$281 million for the year ended March 31, 2015, due to currency effects. The negative translation… Continue reading →

NOT NOW, NOL : BONDS OR STOCK ?

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16 July WSJ : TEMASEK SAID TO PUT NEPTUNE ORIENT LINES UP FOR SALE 20 July Neptune Orient Hasn’t Made Any Decision on Potential Sale of Co. NEPTUNE ORIENT LINES SHARES RISE 9.1%… Continue reading →