SGD NEW ISSUE REVIEW: CHINA METALLURGICAL GROUP SGD 2YR PRICE GUIDANCE @ LOW 3% AREA**

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  Issuer:              China Jingye Construction Engineering (Singapore) Pte Ltd. Guarantor:            China Metallurgical Group Corporation (“MCC”) Guarantor Rating:    Baa3 (Positive) by Moody’s… Continue reading

SGD New Issues Review : Cambridge MTN 5Y 4%

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Cambridge MTN to Sell SGD 5Y BBB- Bonds, IPT 4% Area Issuer: Cambridge-MTN Guarantor: RBC Investor Services Trust Singapore Ltd. (in its capacity as trustee of Cambridge Industrial Trust) Issue rating: –/BBB-/– BK:… Continue reading

More Funny Stories On Retail Bonds And Singapore Savings Bonds

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More on the Singapore Savings Bonds, like I promised. A Small Joke First I have discussed with folks and we agree that the Singapore Savings Bonds are best described as a bond derivative… Continue reading

SGD New Issue Review : Sembcorp Industries SGD Perp NC 5 % (Updated)

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Issuer: Sembcorp Industries Unrated, subordinated Distribution: Fixed. Reset in yr 10 based on prevailing SGD 10Y SOR plus initial spreads and every 10Y after Step-up: 100bps in yr 10 Distribution deferral: At issuer’s… Continue reading

SGD RETAIL BOND ISSUE : FRASERS CENTREPOINT 7Y 3.65%

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I cannot believe how many phone calls I have got in the past 2 days about savings plans. About 3 or 4 from various insurance companies and banks, telling me all about their… Continue reading

The Titanic Chart Pattern – Our HSI Will Go On and On

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I could not resist this because I was wrong back in early April about the Titanic pattern on the HSI.  https://tradehaven.net/market/the-titanic-chart-pattern-on-hang-seng/ So I did a Titanic Up and Down one because it (not… Continue reading

SINGAPORE RATES WEEKLY : S.O.S., SAVE OUR SIBOR !

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It’s been a  bad week for Asian currencies on the CNY rate cut and the currency that was unaffected by the rate cut ? CNY, of course ! Wow. China cuts rates and… Continue reading

Primary Credit Watch

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Agile Property to Sell USD 5NC3 Bonds, IPT 9.375% Area Issuer: Agile Property Holdings Ltd. Guarantors: Certain non-PRC subsidiaries of the issuer Security: Capital stock of certain subsidiary guarantors Issuer ratings: Ba3/BB-/– Expected… Continue reading

Singapore Savings Bonds – Comparison, Thoughts and Implications

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Is it a bird ?  Is it a plane ? Is it a bond ? Or what is it ? Singapore Savings Bonds – a sort of bond but more than that. My… Continue reading

Debt Management – The Straws On The Camel's Back

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It may have missed the attention of perhaps 99% of the world but last week has been a stretch for me, a stretch of the the imagination that rocks the core of the… Continue reading