Courtesy of a very generous contributor and market price maker. Some switch ideas for the SGD corporate bonds in your portfolio. BUY Sembcorp Perpetual Unrated 5% callable 08/2018 at yield to call 4.06%… Continue reading
TA CORPORATION SGD 2.5-YR SENIOR UNSECURED – PX GUIDANCE Issuer : TA Corporation Ltd. Status: Senior, unsecured Rating: Unrated Issue Size: TBD Distribution: As per Information Memorandum, primarily Singapore selling restrictions Under Section… Continue reading
There is a lot of anger in the world today, from the big men and women to the little people. For the little people, the anger arises from social inequality which is threatening… Continue reading
And so Greece returns to the bond markets as we have had a busy week of IPOs and issuances. Lebanon 5Y, Pakistan 5Y and 10Y, Sri Lanka 5Y and I suspect you could… Continue reading
Greece successfully returned to the global capital markets yesterday and sent some Eurozone government yields tumbling to record lows. Yours truly maintains our prediction at the beginning of the year: “…the European sovereign… Continue reading
NEW ISSUE: GALLANT VENTUR SGD 2YR – New Gallant Venture SGD 2yr announced on the back of strong reverse inquiries – Initial Price Guidance: low 6s Credit Highlights: – Supportive sponsors – Salim… Continue reading
It is amusing to read that even analysts are saying that nobody is paying attention to data and Fed speak in the past week. That is because the market was just concentrating on… Continue reading
ISSUER: Oversea-Chinese Banking Corporation Limited (“OCBC”) ISSUER RATINGS (M/S/F): Aa1 / AA-/ AA- EXPECTED ISSUE RATINGS (M/S/F): [A2] / [BBB+] / [A+] SECURITY DESCRIPTION: Basel III compliant Tier 2 Subordinated Notes FORMAT: 144A/Reg… Continue reading
Ad Hoc Commentary – the Bank of England explains away two misconceptions about money creation
byIf you were taught that: 1. Commercial banks lend out the deposits that savers placed with them, and 2. The central bank control the quantity of broad money via the money multiplier Then… Continue reading →