Primary Credit Watch
Sinopec Gets >$7b Orders for 5Y, >$4.8b for 10Y, >$3.3b for 30Y Sinopec prices 5Y at +125bps, IPT +145bps area; 10Y at +145bps, IPT +160bp area; 30Y at +152bps, IPT +180bps area. Euro tranches:… Continue reading
SINGAPORE RATES WEEKLY : "SOR" The COE ?
FEB Retail Sales Ex Auto +14.8% YoY FEB Retail Sales +15.8% YoY vs expected +3% FEB Retail Sales -3.3% MoM MAR Electronic Exports +10.4% YoY vs expected +2% MAR Non Oil Domestic… Continue reading
SGD New Issue Review : Golden Agri-Resources 3Y Mid 5%
Golden Agri-Resources SGD 3YR – Initial Guidance @ Mid 5% ISSUER: Golden Assets International Investment Pte. Ltd. GUARANTOR: Golden Agri-Resources Ltd STATUS: Direct, unconditional, unsubordinated and unsecured ISSUE RATING: Unrated ISSUE SIZE: TBD… Continue reading
Brekkie Bond Wrap
We saw a cautious start to the week as China’s moves to curb margin trading and facilitate short selling of stocks seemed to outweigh the RRR cut. IG cash bond spreads were unchanged… Continue reading
Primary Credit Watch
Bumi Serpong prices at 6.75%, IPT 7% area. Orders >$750m from over 70 accounts By region Asia 85% Europe 15% Sinopec USD 5Y IPT +145bp Area, 10Y +160bp Area, 30Y +180bp Area… Continue reading
Equity Focus : Cyber Security – Annie Are You Ok ?
This post was written for http://www.hnworth.com, a site targeting high net worth individuals in Singapore. Have fun reading ! ******************************** When Bloomberg had a global blackout on Friday, I was not online, thankfully.… Continue reading
Currency Wars : Chasing Bad News
It’s been nothing but bad news on the US economic front with data mostly disappointing for the past 3 months. Economic numbers have not been this bad since early 2009 and there… Continue reading
SGD New Issue Review : International Healthway Corp 2Y 7%
INTERNATIONAL HEALTHWAY CORP SGD 2YR – New SGD 2Yr transaction announced at 7% (the number) on the back of significant anchor investor interest. – Use of proceeds of the this transaction is to… Continue reading
Primary Credit Watch
Bumi Serpong Damai to Sell USD 5NC3 Bonds, IPT 7% Area Guarantors: PT Bumi Serpong Damai and certain of its subsidiaries Issuer: Global Prime Capital Pte. Ltd. Issuer ratings: Ba3/–/BB- Exp. issue ratings:… Continue reading
Brekkie Bond Wrap
It was a relatively quiet end to the week as the global Bloomberg outage in the afternoon curtailed trading, and brought the week to an early close. HY bonds were about flat on… Continue reading