TRAFIGURA SGD SUB PERP-NC5Y Issuer: Trafigura Beheer B.V. Securities: SGD Perpetual Resettable Step-Up Subordinated Securities Rating: Not rated Status: Subordinated unsecured Maturity: Perpetual NC5 Size: SGD benchmark Initial price thoughts: Mid 7% area… Continue reading
The subject matter has been written to death. But I will have my say, adding a few of my stories that will never come to light but for here. The facts are questionable… Continue reading
We are back to where we were a week ago, almost and the Chinese lunar new year has come a full circle quickly. But despite the recovery we are seeing in the markets,… Continue reading
But You Cannot Make It Drink, so the saying goes. A series of poor calls made in the Fx in the past week, holding on defiantly and seeing the gains from my S&P… Continue reading
Crazy Horse to me is my favourite Sioux Indian hero, being very much fascinated by the Battle of the Little Big Horn as a child. http://en.wikipedia.org/wiki/Crazy_Horse As we welcome the Chinese year of… Continue reading
I like my pineapple tarts open faced. I suppose we can tell alot about a person by the sort of pineapple tart they prefer. For the encased tarts, it is all about the… Continue reading
Humpty Dumpty sat on a wall, Humpty Dumpty had a great fall. All the king’s HORSES and all the king’s men Couldn’t put Humpty together again. After last year’s CLSA Fengshui mishap, we… Continue reading
Nearly everyone in the markets is superstitious – you see it from the figurines, money plants, coins, and even the lucky tie they wear. Reuters has a good article on what does Hong… Continue reading
Yes. We rejoice with rate hikes from Turkey because we are not Turks with mortgages. The Turkish lira jumped 3.5% instantly but bondholders aren’t really cheering except maybe the USD bonds and some… Continue reading
“The Turkish central bank raised its overnight lending rate to 12% from 7.75%…” http://www.cnbc.com/id/101359309 Of course it stopped the rout of the Turkish Lira in the short term. By contagion, it also stabilized… Continue reading