Category Archive: Market

SGD NEW ISSUE REVIEW : FRASER CENTREPOINT TRUST 4Y 3%

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NEW ISSUE – FRASERS CENTREPOINT TRUST 4Y SGD Issuer:  FCT MTN Pte. Ltd. Guarantor: HSBC Institutional Trust Services (Singapore)                                   Limited (in its capacity as trustee of Frasers   Centrepoint Trust) Expected Issue Rating:      BBB+… Continue reading →

Ad Hoc Commentary – Sisi is real, Isis just distraction.

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The Middle East is moving further into the darkness of war. The Middle East should learn more from China’s Xi Jinping who seems to be the only one that understands that development is… Continue reading →

USD New Issue Review : GRAND CHINA AIR (HK) 2Y 5.75%

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NEW ISSUE: GRAND CHINA AIR (HK) LIMITED – US$ 2 YR ISSUE Issuer:  Grand China Air (Hong Kong) Limited Guarantors:  Grand China Air Co., Ltd. and Hainan Airlines Co., Ltd. Status:  Senior Unsecured… Continue reading →

SGD NEW ISSUE REVIEW : Hotel Properties Limited 5Y 3.88%

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** NEW ISSUE: HOTEL PROPERTIES LIMITED SGD 5Y-FINAL GUIDANCE 3.88%  ** ISSUER:  Hotel Properties Limited ISSUER / ISSUE RATING:  Unrated STATUS:   Direct, unconditional, unsubordinated and unsecured Notes FORMAT/DOCS: Bearer / Issuer’s SGD800 million… Continue reading →

More Details On The New Singapore Savings Bonds

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30 March 2015…The Monetary Authority of Singapore (MAS) today provided more information on the features of Singapore Savings Bonds. This followed Senior Minister of State Mrs Josephine Teo’s announcement that the Government and… Continue reading →

Bond Focus : Trade, Not Invest, In Deflation

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This post was written for http://www.hnworth.com, a site targeting high net worth individuals in Singapore. Have fun reading ! ******************************** A solemn week with a unique experience of national solidarity with fellow citizens,… Continue reading →

SGD New Issue Review – Ascendas Hospitality Trust 5Y 3.5%

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ASCENDAS HOSPITALITY TRUST 5Y SGD – PX GUIDANCE @ 3.5%AREA Issuer of A-HBT Notes:  Ascendas Hospitality Trust Management Pte. Ltd. (in its capacity as trustee-manager of Ascendas Hospitality Business Trust (A-HBT)) Issuer of… Continue reading →

Brekkie Bond Wrap

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Investment Grade: The firm tone in Asian credit continued on Friday. We closed about 1-2 bps tighter in low beta names while BBB names were flattish, with property bonds weighed down ahead of… Continue reading →

Ad Hoc Commentary – a few pictures of LKY's final procession

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Some pictures yours truly took just hours ago. God Bless Mr Lee Kuan Yew and his family.

China Focus : Confucius Speaks For LKY

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He who exercises government by means of his virtue may be compared to the north polar star, which keeps its place and all the stars turn towards it.   China knows best !… Continue reading →