SGD New Issue Review : Singhaiyi Group 2.5Y SGD Bond

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NEW ISSUE: SINGHAIYI GROUP SGD 2.5Y Issuer: SingHaiyi Group Ltd. Status:  Senior, unsecured Rating:  Unrated Format: Reg S, Bearer, S274 & 275 of Singapore SFA,  issued off the SGD500m Multicurrency Debt Issuance Programme… Continue reading

CNH Bonds: An Introduction

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It was the story back in 2011; and one of the fastest growing local-currency corporate-bond markets: The offshore Chinese Yuan bond market. Today we bring you a brief introduction to CNH. Disclaimer: do note… Continue reading

Record Lows for 2014 – Volumes and Volatility

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Records have been broken in many categories for 2014 so far. Dow Jones Industrial historic highs, S&P 500 record highs 10 times in the past 4 weeks. The only record lows we are… Continue reading

Singapore Millionaires In Trouble, Real Estate and The Mass Market Wealth Effect

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As I watched Non Stop, starring Liam Neeson, a funny thought crossed my mind. With QE1, 2 and 3, even ransoms are getting higher. In the film, the ransom demanded was US 150… Continue reading

International Bonds Weekly : The Kangaroo Report

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Lower yields, stronger currency and not many new bonds to sell. Moody’s came out with some robust growth headlines for the country that is accompanied by warnings of a potential housing market correction.… Continue reading

Bonds In Conversation : How Low Is Low ? Taking Equilibrium For Granted

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When you read that 7 year German yields are at 0.70%, you start to appreciate Singapore interest rates a little more. It happened before in 1H last year when German yields were tested… Continue reading

Data Manipulation ? Central Banks, Buying Equity, Buying Bonds And Their Profits

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“Gross domestic product fell at a 2.9 percent annualized rate, more than forecast and the worst reading since the same three months in 2009, after a previously reported 1 percent drop, the Commerce… Continue reading

SGD New Issue Review : Tan Chong International 2.5Y

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NEW ISSUE: TAN CHONG INTERNATIONAL LIMITED SGD 2.5 YR ISSUER: Tan Chong International Limited SERIES:   001 STATUS:  Direct, unconditional, unsubordinated and                                       unsecured RATING: Unrated FORMAT: Reg S, S274 & 275 of SFA, issuance… Continue reading

Blame The Weather, Then Blame The War – Lower Expectations, Higher S&P 500

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The world has caught on the game and even central banks are long equities. Life is all about expectations and meeting them. When your expectations are low, you will always be happy and… Continue reading

SGD New Issue Review : Tiong Seng Holdings 3.5Y

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TIONG SENG HOLDINGS SGD 3.5Y New Tiong Seng SGD 3.5yrs announced, deal is anchored Initial price guidance: Low 5% Issuer: Tiong Seng Holdings Limited Status: Senior, unsecured Rating:  Unrated Format: Reg S, Bearer,… Continue reading