New Issue: UOBSP 4.90% PERP NC5Y Issue size S$850M SOR+319. Book size: S$2.0BN, Deal stats: By investor: PB 74%, Insurance 11%, FM/Banks 11%, Public Sector Agencies: 4%. By location: Singapore 93%, Others: 7%.… Continue reading
Perpetuals are hybrid securities that combines elements of both debt and equity securities. SGD 1 billion OCBC 5.1% retail pref share maturing on 29 July. UOB quickly launches the very first SGD bank… Continue reading
NEW ISSUE: UNITED OVERSEAS BANK SGD ADDITIONAL TIER 1 PERPETUAL NC5 *** ISSUER: United Overseas Bank Limited DESCRIPTION: Subordinated, unsecured, non-cumulative, non-convertible perpetual capital securities REGULATORY TREATMENT: Intended to qualify as… Continue reading
In a truly bizarre twist whilst reading about this Jurong East condo, J Gateway, sell out and having conversation with some old friends about their impending male menopause, I came to a personal… Continue reading
IMF upgraded the Japanese outlook this week, one of only a handful of upgrades against a whole bag of downgrades. Citi just sent out a JPY piece worth reading. “we presented three structural… Continue reading
We are ending the week well with headlines suggesting the tapering of the Taper as the commonly accepted interpretation of the FOMC minutes last night. All I know is that the taper is… Continue reading
In our last post, we said that capital will give America two good years. Overnight, America posted the largest budget surplus since the depth of the crisis in 2009. Capital will smile upon… Continue reading
Just read that Wilmar signs mandate for a $1.5 bio term loan and thought it was good news till I realise it was for their loan maturity this year. Wilmar Says Unit Signs… Continue reading