Issuer: BPCE (BBG Ticker : BPCEGP) Status of Notes: Tier 2. Subordinated to Senior Obligations, senior to prêts participatifs, titres participatifs and any deeply subordinated obligations of the Issuer; Senior Obligations being all… Continue reading
Is there a better time to be afraid than when G7 finance ministers meet in Sendai, northeast Japan, possibly one of the most radioactive places on Earth after the costliest natural disaster in… Continue reading
**NEW ISSUE: HYFLUX LTD SGD SUBORDINATED PERP NC4 AT 6.00% (SUBJECT TO RESET/STEP-UP FROM AND INCLUDING 27 MAY 2020 AND EACH SUCCESSIVE DATE FALLING EVERY 4 YEARS THEREAFTER) ** ISSUER: Hyflux Ltd (“Issuer”)… Continue reading
As I watch the wife drop those bagloads of Armani into the thrift bin, an involuntary pang of guilt hits the mental wallet compartment, the way Chinese would describe as “heart ache”, in… Continue reading
Issuer: Manulife Financial Corporation (MFC) Instrument: Dated Subordinated (Tier 2) Callable Fixed-to-Fixed Rate Notes Status of Notes: Direct, unsecured and subordinated indebtedness of the Issuer, ranking equally and rateably with all other subordinated… Continue reading
ISSUER : HSBC Institutional Trust Services (Singapore) Limited in its capacity as trustee of Mapletree Logistics Trust (“MLT”) ISSUE : SGD Fixed Rate Subordinated Perpetual Securities STATUS : Direct, unsecured and subordinated obligations… Continue reading
Issuer: National Australia Bank Limited (“NAB”) Issuer Ratings: Aa2(Moody’s,stable), AA-(S&P,stable), AA-(Fitch,stable) Issue Ratings: A3 by Moody’s, BBB+ by S&P Security Description: Tier 2 Fixed Rate Subordinated Notes (the “Subordinated Notes”) Format: Reg S,… Continue reading
It’s been a year since the idea was mooted and hastily turned into reality. There was great fanfare but after its un-oversubscribed first auction, we are going into our 8th Singapore Savings Bonds… Continue reading
Issuer: United Overseas Bank Ltd. Reg S Issuer ratings: Aa1/AA-/AA- Exp. issue ratings: A3/–/BBB Distribution payment: Fixed rate, payable semi-annually in arrear, fully discretionary, on a non-cumulative basis Reset mechanism: If not called… Continue reading
Issuer: SOCIETE GENERALE (BBG Ticker : SOCGEN) Status of Notes: Dated Subordinated, Tier 2, pari passu with existing Tier 2s (see EMTN Programme dated 14 March 2016 and supplemented thereafter condition 3b Status… Continue reading