SGD NEW ISSUE : Ezion SGD 5Y 4% Committed Funding Backed Notes

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NEW ISSUE: EZION HOLDINGS – SGD COMMITTED FUNDING BACKED NOTES DUE 2020 ISSUER: Ezion Holdings Limited SERIES:  009 STATUS: Direct, unconditional, unsubordinated and unsecured Notes, issuance off the S$1.5 Billion Multicurrency Debt Issuance… Continue reading

SINGAPORE WEEKLY : TO READ INTO IT

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How do we read into things ? *S&P REVISES ECO RISK TREND IN SINGAPORE BANK SECTOR TO POSITIVE *S&P: 1 IN 3 LIKELIHOOD ECON. RISK IN SINGAPORE WILL IMPROVE Positive is a good… Continue reading

The Secular Stagnation Reality Revisited

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An economics professor who is not an economist. Imagine my exasperation at our conversation, complete with disdain on his part ? For he has no cares about the state of the markets from… Continue reading

SGD NEW ISSUE : ASCENDAS REIT SGD 5YR 2.95%

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NEW ISSUE: ASCENDAS REIT SGD 5YR – FPG @ 2.95% (the number) ** ISSUER:  HSBC Institutional Trust Services (Singapore) Limited,  in its capacity as trustee of A-REIT STATUS:  Direct, unconditional, unsecured and unsubordinated… Continue reading

SGD NEW ISSUE: PT DUTA ANGGADA REALTY TBK 3Y 8.25%

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NEW ISSUE: PT DUTA ANGGADA REALTY TBK 3-YR SGD SENIOR UNSECURED BOND Issuer:  PT Duta Anggada Realty Tbk Series: 001 Issue Rating:  Unrated Status: Direct, unconditional, unsubordinated and unsecured Notes Issue Issue Size: … Continue reading

CENTURY SUNSHINE 7.2% 3YNC2 SGD ISSUE RE-TAP

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Issuer: Century Sunshine Group Holdings Ltd. Guarantors: In accordance with the program Reg S, Unrated Reopening issue: SGD75m 7.20% 2018 bonds UOP: In accordance with the program Tenor: 3 NC2 Redemption upon change… Continue reading

CHINA FOCUS : THE LAST BULL IS THE CENTRAL BANK

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And China makes another move to global reserve currency status, widening of the trading range of the CNY, a step in the right direction on market liberalisation despite IMF’s criticism of their “market… Continue reading

AUSTRALIA FOCUS : THE KOALA IS A BEAR

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Gosh, can there be any more negativity on the land of sunshine, blue skies and golden coastlines ? *S&P: COULD LOWER AUSTRALIA RATING IF BUDGET DOESN’T IMPROVE I hardly get it because Australia’s… Continue reading

BONDS IN CONVERSATION : LICKING WOUNDS

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We now know that licking does help wounds and the best time to do that would be during the calm after the storm. Bonds and equities stable for the week with the S&P… Continue reading

PRIMARY CREDIT WATCH

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ISSUES PRICED OVERNIGHT   Fukoku Life US$ Hybrid – Priced US$500 MIO  5.00% traded at 101. Market level 101.125/101.35 BOCOM 5% US$ PERP CALLABLE 07/2020 Market level 100.10/100.20 ADANI PORTS Priced US$ 650… Continue reading