Chong Qing Attacks ! with Bo Xilai nicely incarcerated, the market turns to a SGD bond issue. Reasons : For refinancing / including their convertible bond which has a call in 2013 /… Continue reading →

Gents and Ladies, Take note.  There is also seasonal strength from 2nd week nov onwards to around 3rd week December.   Was wondering whether a natural disaster will cause the Fed to further ease… Continue reading →

A short one. Keppel Land 12Y New Issue Keppel Land did a SGD 200 million 10Y issue in May this year at 3.8%. 10Y interest rates were 1.95% then. It’s price rose to… Continue reading →

They say that shark attack victims often feel no pain. (Source : National Geographic) Caught in the middle of a corporate bond issuance frenzy, I think nobody is feeling any pain yet. Except… Continue reading →

Cannibalisation is not my favourite word and I cannot see any good news in a new issue that sells itself against its predecessors. Let us be cognizant that there was a failed attempt… Continue reading →

John’s Dog Lennon or Ringo. Bernie wrote a piece last week on the revival of bread and butter banking, I like to call it. Regional banks are making a come back. UBS is… Continue reading →

“Ben Bernanke has set a trap for bond investors. The chairman of the Federal Reserve is likely on Wednesday to promise, again, to hold interest rates at a low level for a long… Continue reading →

This is not a fly by night shop although they are a Malaysian company listed in here 2011 via a reverse takeover of Eagle Brand Holdings. Bulky shareholders with 30% owned by one man it… Continue reading →

To laugh or to cry ? The holders of the hugely successful OUE 5Y paper issued in February this year would have been slightly alarmed about their valuations with this new 7Y NC… Continue reading →

The bear market rally fizzled out again on Friday. Those optimistic on the earning season early in the week were disappointed later in the week. Yours truly maintain his bearishness – we need… Continue reading →