SSUER: Estate Sky Limited GUARANTOR: CSI Properties Limited (497 HK) RATING: Unrated FORMAT: Reg S, Registered Form STATUS: Direct, unsecured and unsubordinated obligations of the Issuer ISSUE SIZE: TBD TENOR: 5-Year PRICE GUIDANCE:… Continue reading
photo courtesy of Ms Jeannie Tan, wildlife photographer, SF. Emerging market funds have seen record breaking weekly inflows for the month of July led by hard currency funds and their ETFs. “Emerging… Continue reading
photo courtesy of Ms Jeannie Tan, wildlife photographer, SF. Modern leap years all have the following in common – The US Presidential elections, the summer and winter Olympic Games and the European… Continue reading
photo courtesy of Ms Jeannie Tan, wildlife photographer, SF. The ordinary person would not be denying that we are living in strange times these days with an apparently random act of terrorism… Continue reading
Issuer: Industrial and Commercial Bank of China (Asia) Issuer ratings: A2/–/A Basel-III non-cumulative subordinated AT1 Exp. issue rating: Ba1/–/– Reg S UOP: Funding, GCP Distribution rate: Fixed rate, subject to fixed reset periods,… Continue reading
Issuer: Olam International Limited Issue: USD Subordinated Perpetual Securities Ratings: Unrated Format: Registered / Reg S. Off Issuer’s US$5 billion EMTN Programme Issue Size: US$ TBD Tenor: Perpetual NC5 Ranking: Subordinated; senior only… Continue reading
photo courtesy of Ms Jeannie Tan, wildlife photographer, SF. The good fortune of residing in Singapore struck me when I saw a policeman the other day who was quite little, whom I… Continue reading
NEW DEAL: Frasers Centrepoint $Bench 5Y Bond, IPT +190bp Area (~2.93% YTM) May price today. Issuer: FCL Treasury Pte. Ltd. Guarantor: Frasers Centrepoint Ltd. Unrated, Reg S Bookrunner/lead manager: OCBC Some relevant comps… Continue reading
With worries mounting daily, the latest being BREXIT fears, markets are mighty lucky mass hysteria has not broken out for the lack of a potential hard landing for the global economy. Putting a… Continue reading
Economic Data In May 2 June May PMI 49.8 vs 49.7 expected May Electronics Sector Index 49.1 vs 49.5 previous 3 June Nikkei Singapore PMI 50.1 vs 49.4 previous 7 June May Foreign… Continue reading