CHINA FOCUS : A 7 YEAR LOW IS STILL A 6 YEAR HIGH
Yes. We saw another week of losses in the Chinese stock markets for another “biggest loss in 7 years” headline. After last week’s 7 year high to be followed by the biggest 7… Continue reading
AUSTRALIA FOCUS : A NERVOUS CALM
“if there isn’t a 10 per cent fall or a technical correction in stocks between now and August, they will post the third-longest bull market since 1937.” http://www.afr.com/markets/equity-markets/value-investors-nervous-as-asx200-on-the-brink-20150626-ghuk41 BLOOMBERG : “The correlation between the nation’s benchmark… Continue reading
BONDS IN CONVERSATION : SEEING STARS
It seems that Greece has 4 more days but they keep saying that anyway as the ECB continues to pump emergency funds into the country and we know that missing their IMF repayment… Continue reading
NEW ISSUE ALERT : CHINA LIFE USD 60Y NC5 EXTENDABLE SUBORDINATED BOND
Issuer : China Life Insurance Company Limited Issuer Ratings : As3 (Moody’s) AA- (S&P) A+ (Fitch) Issue : Subordinated Capital Securities Expected Issue Rating : A3/A/A- Issue Size : USD Benchmark Tenor :… Continue reading
Primary Credit Watch
China SCE sells $350m 5NC3 10% bonds, IPT 10.5% area BOC Gets $4b Orders for USD 3Y Bond, $3.5b for 5Y, $2.8b for 10Y Lender sells $1b 3Y bonds at +115bps vs IPT… Continue reading
Following Up On Ezra Perps
Who says the SGD market is boring ? 1 June 2015 Ezra to Raise Up to $300m for Balance Sheet, More Flexibility (Bloomberg) — Co. reports proposed renounceable underwritten rights issue and issue… Continue reading
BANK OF CHINA MULTI TRANCHE – USD, SGD, CNH
Issuer : Bank of China Limited, acting through its Abu Dhabi, HK and Singapore branches Issuer Rating : A1 (stable) by Moody’s, A (stable) by S&P, A (stable) by Fitch Expected Issue Ratings… Continue reading
Primary Credit Watch
MONGOLIBANK OF CHINA USD/CNH/SGD MULTI-TRANCHE: MULTI-TRANCHE REG S REGISTERED TRANSATION ANNOUNCED IN USD/CNH/SGD PRICE GUIDANCE: USD: 3YR: T3+140BPS AREA 5YR: T5+150BPS AREA 10YR: T10+180BPS AREA CNH: 2YR: 3.75% AREA… Continue reading
Singapore Bonds In The News : Noble, Keppel & Sembcorp Marine
China Investment Corp. Says to Continue Supporting Noble Group (Bloomberg) — CIC Exec VP Xie Ping says appointment of COFCO President Yu Xubo as Noble Group Non-Exec Director to bring “deep understanding of… Continue reading
Singapore Bonds In The News : Noble, Keppel & Sembcorp Marine
China Investment Corp. Says to Continue Supporting Noble Group (Bloomberg) — CIC Exec VP Xie Ping says appointment of COFCO President Yu Xubo as Noble Group Non-Exec Director to bring “deep understanding of… Continue reading