Cheering For Il Fiore – Dirty Money 3

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This is not the first time Il Fiore has been cast in ill light. “Singapore’s NDF trading market is an especially tight-knit group, according to people involved. One of their favorite hangouts was… Continue reading

New Issue Review : Not The Real Tata Motors 5Y 4.5% SGD

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Issuer:      TML Holdings Pte. Ltd., a wholly owned subsidiary of Tata Motors Limited and with 100% ownership in Jaguar Land Rover Automotive Plc. ** TML HOLDINGS – SGD 5YR** UPDATE 1 ** New… Continue reading

New Issue Review : Any Tom, Dick Or Oxley 4Y NC3Y 5.25%?

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When I saw this, I really did not want to write much about it. Afterall, it is brought out by the bank who gave you Aspial. Details : 4Y NC3Y Coupon : 5.25%… Continue reading

SGD Rates and Bonds Weekly

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Economic News Apr PMI 50.3 vs expected 50.3 previous 50.6 Apr Electronics Sector Index 51.2 vs expected 51.3 previous 51.9 IRS Market still in the doldrums as trading interest remains anemic. USDSGD broke… Continue reading

New Issue Review – First Reit 5Y SGD Bond

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*** First REIT 5-yr SGD – PRICE GUIDANCE *** Issuer: HSBC Institutional Trust Services (Singapore) Limited (in its capacity as trustee of First REIT) Status:  Senior, unsecured Rating: Unrated Issue Size: TBD Format/Docs: … Continue reading

The Great Market Exit (2013 Edition) is Bad News for Retirees

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It looks bad for retirees, especially if you are a banker. Bankers Explain How They Cannot Possibly Live On $1 Million Pay Well, I am not here to discuss about vanities or egos.… Continue reading

Ad Hoc Commentary – Malaysian elections, the incumbent will likely stay in power

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Malaysians goes to the pool today, and yours truly believe that the incumbent will stay in power. However, their days are numbered. This is likely the last five years for the incumbent. Just… Continue reading

Skeptics Beware : CLSA Fengshui Index is Right But Wrong

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Time to revisit that good old Fengshui prediction for the Year of the Black Water Snake and time to read the fine print because if you were like me, you would have skimmed… Continue reading

The Archbishop and The Pope Speaks – Wealth Redistribution Ahead

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Since time immemorial, we always had politics mixed up with religion. That stands to reason given that most of our judicial systems have their origins in some form of religious law. We may… Continue reading

Bond Market Phenomena – Slovenia, Guoco, Wow !

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Market phenomena everyday ! Apple issues 17 bio, reportedly the largest bond issuance in history, on the day S&P breaks historic high. CNOOC raises the biggest issue in Asia since 2003 for USD… Continue reading