SINGTEL USD 10Y NEW ISSUE

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*** SINGTEL NEW US$ 10-YEAR: GUIDANCE T+110 AREA *** Issuer: Singtel Group Treasury Pte. Ltd. Guarantor: Singapore Telecommunications Limited Guarantor Ratings: Aa3 stable by Moody’s / A+ stable by S&P Exp Issue Ratings:… Continue reading

Singapore Rates Weekly : Vol Addicts

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US LIBOR 1M 0.187 3M 0.2813 6M 0.44365 ECONOMIC NEWS AND DATA May Non Oil Domestic Exports -3.1% MoM, expected -3.2% May Non Oil Domestic Exports -0.2% YoY, expected +2.3% May Electronic Exports… Continue reading

SGD New Issue Review : Ascott Residence Trust Perp NC5 5%

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May price today. Issuer: DBS Trustee Ltd., in its capacity as trustee of Ascott Residence Trust Issue: SGD Subordinated Perpetual Securities Issuer rating: Baa3/–/– Unrated, Reg S Call option: 2020 & on every… Continue reading

Turning the Summer Heat up on Junk Bonds

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21st June is this year’s summer solstice, marking the turn of the seasons, as the heat is turned up for the Northern hemisphere. Markets around the world remain gripped in the Greek saga… Continue reading

FOREX THOUGHTS : GREX-IN OR GREXIT ? AND OUR NEXT WORRIES

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Is today the real crunch day ? Monday June 22: Emergency summit After finance ministers failed to reach a deal in Luxembourg, eurozone leaders have been summoned to an emergency summit in Brussels… Continue reading

China Focus : The 7 Year High And Biggest 7 Year Weekly Drop

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Nice play around 7 as we hit the 7 year high in chinese stocks last week to suffer the biggest 7 year weekly drop this week. And no one is batting an eye… Continue reading

Australia Focus : Not Exactly Ideal

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Biggest positive for the week would be the China – Australia FTA on 17 June to knock off the big drop in iron ore prices again. “Australian businesses currently face charges of up… Continue reading

A Little On Covered Bonds

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Covered Bonds sounds much better than the dreaded sounding Asset Backed Securities (ABS) that has been blamed for the financial crisis of 2008 even though they are nearly the same thing. A covered… Continue reading

BONDS IN CONVERSATION : A MATTER OF TIME

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Straining and stressful week all about the uncertainty in Greece, the FOMC and Chinese stock markets giving bond holders some temporary reprieve until the next trading week and new developments take root. There… Continue reading

FOMC : If I Were An Equity Investor, The Dots And The Hindenburgs

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If I were an equity investor, I would not be overly worried really. The dots look more in consensus but there is more to the bark than the bite, and the outliers have… Continue reading