NAM CHEONG: SGD 5 YR ISSUE – New Nam Cheong SGD 5yr announced. Deal is strongly anchored. – Initial price guidance: low 5s Comps: Nam Cheong 5% 08/2017 100.95/102.05 4.66/4.27% Nam Cheong 6%… Continue reading
KRISENERGY 4YR SGD NEW 4 YEAR KRISENERGY SGD BENCHMARK ANNOUNCED PRICE GUIDANCE: 6% AREA MINIMUM CASH COVENANT INCREASED TO USD20MM – COVERS MORE THAN ONE YEAR OF DEBT SERVICE OF NEW SGD NOTES… Continue reading
I had the idea of the reverse mortgage over a decade ago. It is similar to the Sale and Leaseback scheme of the government’s that takes over properties and leases it back to… Continue reading
Top tiered Chinese banks will hit the domestic bond market for US 21 bio in Basel 3 compliant sub debt as loan growth slowed dramatically. Most analysts are unwilling to relinquish their risk… Continue reading
2 years ago when I first started writing to a much smaller audience, pink slime was in vogue which stirred my interest and I incorporated it into one of my earliest pieces, Credit… Continue reading
Chirpy Friday opening after a massive rally this week for credits to bounce right back as German 10Y bunds rally under 1% in yield which should go into textbooks as prices hit 150… Continue reading
One of the things that yours truly done in his life was to study molecular engineering. For many years, yours truly wondered what to do with all those microbiology knowledge – yours truly… Continue reading
My good friend Zico has been in the equity portfolio management business for over 30 years but his zest is certainly not lost. I would define him as a forward thinker and a… Continue reading
While I was away, we had a 10Y SGS auction on 29 Jul which is the last long end paper we are seeing for the year. The auction saw the lowest demand since… Continue reading
Like I said early last month, no one knew why the “USD is taking a beating and the big mystery of the year is that no one knows for certainty who is doing… Continue reading