Read this. “Japan’s debt burden is extraordinary. Total debt to GDP tops 500%. Government expenditure is 20x government revenues. Interest on government debt is 25% of government revenue.” http://www.forbes.com/sites/jamesgruber/2014/04/27/japan-deflation-to-end/ It is not that… Continue reading
April 28 (Bloomberg) — Price guidance in “6.5% area”: exchange filing. • Format: Reg S, according to a person familiar with the matter • Expected Issue Ratings: Ba3 / BB- (Moody’s/S&P), person said,… Continue reading
Hard Choices : Challenging the Singaporean Consensus is the latest book hot off the press from our elite think tank incubators. This is not the be confused with Hillary Clinton’s memoir of the… Continue reading
Behold, the world just saw the largest Junk Bond offering in history. April 24 (Bloomberg) — Billionaire Patrick Drahi is winning friends in the junk-bond market. After selling the equivalent of about $23… Continue reading
I felt quite snubbed earlier when I went to Holland Village and nobody bothered to market the new Commonwealth condo to me because I was wearing grubby sneakers and shorts. At least if… Continue reading
FAR EAST HORIZON LIMITED (BBB-)SGD 3.5YR – New Far East Horizon SGD 3.5yrs announced post roadshow – Initial Price Guidance: 4.5% area – Issue Rating: BBB- (S&P) – Size: S$ Benchmark – Timing:… Continue reading
NEW ISSUE : GOLDEN ASSETS INTERNATIONAL INVESTMENTS PTE. LTD. SGD 3 YR SENIOR – PRICE GUIDANCE ISSUER : Golden Assets International Investment Pte. Ltd. GUARANTOR : Golden Agri-Resources Ltd STATUS : Direct, unconditional,… Continue reading
I was playing around with some statistics on the STI and the second board, Catalist, when I discovered that over 300 listed companies do not pay ordinary dividends. That is about 40% of… Continue reading
ISSUER: Cambridge-MTN Pte. Ltd. STATUS: Direct, unconditional, unsubordinated and unsecured Notes ISSUE RATING: Unrated CORPORATE CREDIT RATING:BBB- (Cambridge Industrial Trust’s Corporate credit rating; rated by Standard and Poor’s) ISSUE SIZE: TBD FORMAT/DOCS :… Continue reading