Singapore Rates Weekly : A Little SOR-e
USD LIBOR 1M 0.18485 3M 0.2845 6M 0.41865 SINGAPORE ECONOMIC DATA Apr CPI -0.6% MoM (exp -0.1%) Apr CPI -0.5% YoY (exp 0%) Apr Core CPI 0.4% (exp 0.7%) 1Q15 GDP 3.2% QoQ… Continue reading
SGD New Issue Review : ASCENDAS REIT SGD 7YR 3.375%
NEW ISSUE: ASCENDAS REIT SGD 7YR – IPG 3.375% Issuer: HSBC Institutional Trust Services (Singapore) Limited (in its capacity as trustee of A-REIT) Status: Senior, unsecured, off SGD5 bio Multicurrency Medium Term Note… Continue reading
SGD NEW ISSUE REVIEW : FIRST SPONSOR GROUP LIMITED 3Y LOW 4%
FIRST SPONSOR GROUP LIMITED SGD 3Y – First Sponsor Group Ltd announced new 3y SGD, driven by reverse enquiries post roadshow – Initial price guidance: low 4% – Timing: As early as today… Continue reading
The Thin Red Line Of Foreign Exchange Rigging
This post was written for www.hnworth.com, a site targeting high net worth individuals in Singapore. Have fun reading ! ******************************** The first thing that strikes anyone visiting a dealing room for the first time… Continue reading
Bonds In Conversation : The Centenarian Vs The QE Millionaire
It is not easy to write anything today after a night’s vigil at your grandmother’s funeral wake. But I reasoned that sorrow is not the solution because I felt sadder for her in… Continue reading
Primary Credit Watch
Global Logistic Properties Plans USD Bond Via Citi, DB, DBS Meetings in Singapore, HK and London from May 25. Reg S Expected ratings: Baa2/–/BBB+ JGCs: Citi, DB JBRs: Citi, DB, DBS Shui On… Continue reading
Forex Thoughts : Think Like YODA in Yo-Yo Markets
Volatility has been off the charts in the QE world which is understandable because it is, afterall, a supply shock to the monetary system and So we have the EURUSD trading at an… Continue reading
Brekkie Bond Wrap
It was another active session across Asian Credit as we continue to consolidate, digesting the recent supply of new issues. In the IG space, China Oil and SOE names are seeing better demand despite the pullback… Continue reading
SGD Bond Reopening : Gallant Ventures 7% 04/2018
RE-OPENING: GALLANT VENTURE SGD 7.00% NOTES DUE 2018 – – Re-opening of gallant venture SGD 7.00% Notes due 2018 – Re-opening Price: 100.00 – Re-Opening Size: TBD – Timing: as early as today… Continue reading
SGD Bond Reopening : Golden Agri Resources 5.5% 2018
GOLDEN-AGRI RESOURCES 5.5% 27/04/18 – REOPENING @ 100.75 ISSUER: Golden Assets International Investment Pte. Ltd. GUARANTOR: Golden Agri-Resources Ltd STATUS:Direct, unconditional, unsubordinated and unsecured ISSUE RATING: Unrated FORMAT/DOCS: Registered / Issuer’s USD1.5 billion … Continue reading