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

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** 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 !

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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

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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 !

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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

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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

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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

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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 ?

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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

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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

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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