Category Archive: Market

NEW DEAL: State Bank of India USD AT1 Perp NC5, Mid 5% Area

by

Issuer: State Bank of India, acting through its DIFC branch Subordinated, ranking behind Tier 2 Notes, pari passu in respect of debt instruments classified as Additional Tier 1 Capital and senior to equity… Continue reading →

SGD Monthly Snapshot : Screwed Up

by

    Economic Data in August 2 Aug Jul PMI 49.3 vs 49.5 expected Jul Electronics Sector Index 49.7 vs 49.0 previous 3 Aug Jul Nikkei Singapore PMI 50.7 v 52.3 previous 8… Continue reading →

The USDJPY Punching Bag

by

“what will it accomplish to say that you will be more stimulative. If the current level of stimulus is not working, saying you will do more won’t get people to buy those inflation… Continue reading →

NEW DEAL: UOB US$ 10.5 NC 5.5Y Tier 2 Bond, IPT +200bp Area (~3.19%)

by

(Bloomberg) — May price today. Issuer: United Overseas Bank Ltd Reg S Issuer ratings: Aa1/AA-/AA- Expected issue ratings: A2/–/A+ Subordinated Tier 2 Issuer optional redemption: One-time issuer call option at par in year… Continue reading →

**DBS GROUP HOLDINGS LTD – US$ PERP NC5 AT1 PERPETUAL CAPITAL SECURITIES @ 4% AREA**

by

**DBS GROUP HOLDINGS LTD – US$ PERP NC5 AT1 PERPETUAL CAPITAL SECURITIES** ISSUER: DBS Group Holdings Ltd INSTRUMENT: Additional Tier 1 Perpetual Capital Securities RANKING: Subordinated, ranking behind Tier 2 instruments, pari passu… Continue reading →

Fear and Greed and Cashing Out On The Jaws of Death

by

Singaporeans’ spirits are up this week of the Chinese Hungry Ghost month, playing Pokemon on the Go (and on the jobs, too), celebrating SG51 and capping it off with a first ever Olympic… Continue reading →

** NEW ISSUE: MAPLETREE COMMERCIAL TRUST SGD 10-YR PRICED AT 3.11% **

by

ISSUER: Mapletree Commercial Trust Treasury Company Pte. Ltd. GUARANTOR: DBS Trustee Limited (in its capacity as trustee of Mapletree Commercial Trust) STATUS: Direct, unconditional, unsubordinated, unsecured Notes ISSUER RATINGS: Baa1 / – /… Continue reading →

Stanchart USD Perp AT1Coco IPG 8%

by

(Bloomberg) — May price today. * Issuer: Standard Chartered PLC * 144A/Reg S * Instrument: USD Fixed Rate resetting perpetual subordinated contingent convertible securities * Ranking: Prior to any conversion trigger event, ranking… Continue reading →

SG 51 & Pokemon On My Mind

by

  How dreary but there is nothing but Pokemon on my mind this weekend ahead of National Day. A short walk to the stores turned into a 5 km roundabout trek, exploring the… Continue reading →

**NEW ISSUE: FRASERS COMMERCIAL TRUST (“FCOT”) 5YR SGD SNR – PX GUIDANCE @2.95%

by

Issuer: FCOT Treasury Pte. Ltd. Guarantor: British and Malayan Trustees Limited (in its capacity as trustee of FCOT) Expected Issue Rating: Baa2 (Moody’s) Status: Senior, unsecured Issue Size: TBD Format/Docs: Bearer / Issuer’s… Continue reading →