SGD NEW ISSUE : ASPIAL 5Y 5.25% SGD 75 MIO

by

** ASPIAL TREASURY PTE. LTD. – SGD 5YR AT 5.25% ** ISSUER:  ASPIAL TREASURY PTE. LTD. (“Issuer”) GUARANTOR: ASPIAL CORPORATION LIMITED (“Guarantor”) STATUS:  Direct, unsubordinated, unconditional and unsecured TENOR: 5 years OFFER/ISSUE:  Up… Continue reading →

SGD Mid Week Recap : Singapore Slings Surprise !

by

It has been more than unsettling for me when I painstakingly write 2 articles yesterday morning, one on Singapore’s first ever AT1 issue, to find them missing in the afternoon. If anyone has… Continue reading →

Preparing To Be Unprepared For The Minsky Moment

by

This post was written a week ago for http://www.hnworth.com, a site targeting high net worth individuals in Singapore. Have fun reading… ******************************** Help, my son wants to read Economics for his GCSE examinations… Continue reading →

SGD BOND ALERT : SG LOVES GITI TIRES AND TATA STEEL BONDS !

by

SINGAPORE LOVES GITI TIRES BONDS ! It started when I listed the bottom 5 bonds of last week on the forum for a reader and I realised that Gajah Tunggal (B2/B)  USD 7.75%… Continue reading →

AUSTRALIA FOCUS : STILL THE FAVOURED CHILD

by

I misread the headlines as usual so it was a 14 consecutive yearly loss for the Wallabies against the All Blacks for the Bledisloe Cup yesterday as the AUD closed the week surprisingly… Continue reading →

CHINA IN FOCUS : A BLAST THAT WILL LEAVE NO ONE STANDING

by

What a week for China starting with 3 days of continuous devaluations to end with a chemical blast in Tianjin port, the 10th largest in the world, that last left many dead or… Continue reading →

Bonds In Conversation : 2008, It Was Credit. 2015, It Is Just Liquidity

by

It is Thursday and day 3 of the Great Chinese Deval. Markets are getting the hang of it by now, and we are seeing risk return to the plate especially after the Great… Continue reading →

Currency War or Currency Defences ?

by

When you read a headline like this one “Bayer’s profits rise on healthy currency effects“, some of you may start to wonder what is “healthy” ?   Because the truth of the matter… Continue reading →

China Focus : Piggy Back On The Green Back

by

I wonder if I had missed writing China over the weekend because of some inner psychic that saw today’s devaluation move but if it was so, then I would like to smack that… Continue reading →

SINGAPORE RATES WEEKLY : SG50 FOR YOU AND ME AND OUR NEW WEBSITE

by

Welcome to the new look Tradehaven website. It took slightly longer than we had anticipated and has been quite a lesson in learning that none of us are terribly good at design work,… Continue reading →