Market Thoughts : The US Fed and The Welcome Change of Tact

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Photo courtesy of Mr K.C., Boston.   Playing to forget Drowzee (rare Pokemon) markets with volatility grinding to a halt until Fed chair Yellen spoke on Friday to give world markets direction from… Continue reading

Bargain Hunting Through Schizophrenic Highs and Lows in SGD Bonds

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Photo courtesy of Mr K.C., Mount Rainier, Seattle.   A new friend with a SGD 6 mio bond portfolio and we would imagine he would be sufficiently diversified with that with 20 names,… Continue reading

Fear and Greed and Cashing Out On The Jaws of Death

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Singaporeans’ spirits are up this week of the Chinese Hungry Ghost month, playing Pokemon on the Go (and on the jobs, too), celebrating SG51 and capping it off with a first ever Olympic… Continue reading

** NEW ISSUE: MAPLETREE COMMERCIAL TRUST SGD 10-YR PRICED AT 3.11% **

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ISSUER: Mapletree Commercial Trust Treasury Company Pte. Ltd. GUARANTOR: DBS Trustee Limited (in its capacity as trustee of Mapletree Commercial Trust) STATUS: Direct, unconditional, unsubordinated, unsecured Notes ISSUER RATINGS: Baa1 / – /… Continue reading

Stanchart USD Perp AT1Coco IPG 8%

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(Bloomberg) — May price today. * Issuer: Standard Chartered PLC * 144A/Reg S * Instrument: USD Fixed Rate resetting perpetual subordinated contingent convertible securities * Ranking: Prior to any conversion trigger event, ranking… Continue reading

SG 51 & Pokemon On My Mind

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  How dreary but there is nothing but Pokemon on my mind this weekend ahead of National Day. A short walk to the stores turned into a 5 km roundabout trek, exploring the… Continue reading

SGD Monthly Snapshot – SG 51 Profits Are Never Enough

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Economic Data in July 4 July Jun PMI 49.6 vs 49.8 expected Jun Electronics Sector Index 49.0 vs 49.1 previous 5 July Jun Nikkei Singapore PMI 52.3 v 50.1 previous 7 July Jun… Continue reading

**NEW ISSUE: FRASERS COMMERCIAL TRUST (“FCOT”) 5YR SGD SNR – PX GUIDANCE @2.95%

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Issuer: FCOT Treasury Pte. Ltd. Guarantor: British and Malayan Trustees Limited (in its capacity as trustee of FCOT) Expected Issue Rating: Baa2 (Moody’s) Status: Senior, unsecured Issue Size: TBD Format/Docs: Bearer / Issuer’s… Continue reading

NEW DEAL: Road King Infrastructure $Bench 3Y Bond, IPT 5.5% Area

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ISSUER: RKI Overseas Finance 2016 (A) Limited GUARANTORS: Road King Infrastructure Limited (1098 HK) and its subsidiaries (other than those established under the law of the PRC or special purpose vehicle subsidiaries incorporated… Continue reading

Behind Every Default Was Once A Darling – Swiber

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photo courtesy of Ms Jeannie Tan, wildlife photographer, SF.     Emotions are running high after an eventful week which ended with the release of the European Banking Authority’s stress test results on… Continue reading