Category Archive: Market

SGD New Issue Review : HDB 5Y 2.223% vs Deutsche Bank EUR/USD/GBP AT1

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NEW ISSUE – HOUSING DEVELOPMENT BOARD 5Y SGD @ 2.223% ISSUER:  Housing and Development Board RATING: Unrated SERIES: 59 FORMAT: S274 & 275 and Reg S Bearer, Fixed Rate Notes (off Issuer’s  S$22bn… Continue reading →

So Right That It Went Wrong – When They Say Sell, Better Buy

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Strategists are an amazing breed of people which justifies their maleficent (harmful to all other creatures) salaries. Imagine, what are the chances of winning Toto more than once a year ? It is… Continue reading →

SGD New Issue Review : Midas 2.5Y 6%

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NEW ISSUE: MIDAS HOLDINGS SGD 2.5Y – PRICE GUIDANCE @ 6% area Issuer:   Midas Holdings Limited Status: Senior, unsecured Rating: Unrated Format: Reg S, Bearer, S274 & 275 of Singapore SFA, issued off… Continue reading →

Site Announcement

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We apologise for the rather disruptive change in the theme and design for the site. The old theme of ours went on strike over the weekend and we had to install a new… Continue reading →

Constructive Ideas For Singapore Markets : GLP and MLT

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Some readers may have noticed that I pulled the post on the idea of how some bonds could be issued more profitably for some than others. As it turned out, opinions were that… Continue reading →

Bonds In Conversation : Short Term Pain, Long Term Gain

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I met two chaps this week in my infrequent forays out from home and outside the school run routine, who both have substantial cash on the side. They are cashed up which sounds… Continue reading →

Groundhog Day : The Jaws Of Death & Hindenburg Again ? May 2014 Edition

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2 people told me today that they are a tad confused about what to do in the markets and that they cannot see any clear trend developing. What about the 10Y US treasuries… Continue reading →

EZION REVERSE TENDER FOR EZION SGD 5.25% 05/2015 NOTES

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Ezion Holdings Limited (the “Company”) has mandated DBS Bank Ltd. as sole bookrunner and dealer manager for a proposed (i) SGD denominated offering out of the Company’s SGD 1.5 billion Multicurrency Debt Issuance… Continue reading →

SGD New Issue Reviews : Central China Real Estate 3Y and Vallianz 2.5Y

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CENTRAL CHINA REAL ESTATE (CCRE) – SGD REG S 3YR NOTES *** ISSUER: Central China Real Estate Limited (the “Company”) ISSUE: Senior notes (the “Notes”) SUBSIDIARY GUARANTORS:     Certain of the Company’s Restricted Subsidiaries… Continue reading →

SGD New Issue Review : UOB Tier 2 SGD 12Y NC 6

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UOB S$ BASEL III COMPLIANT 12NC6 TIER 2 ** NEW SGD 12-NONCALL-6 TIER 2 TRANSACTION ANNOUNCED ** PRICE GUIDANCE: 3.75% AREA ** EXPECTED ISSUE RATINGS: A2 (S&P) / A+ (Fitch) ** ISSUE SIZE:… Continue reading →