NEW ISSUE: CITY DEVELOPMENTS SGD 5YR – Final Guidance 3% (the number) ** ISSUER: City Developments Limited ISSUE RATINGS: Unrated STATUS: Direct, unconditional, unsubordinated and unsecured notes FORMAT/DOCS: Reg S Only, Bearer /… Continue reading
I think we shall be seeing a new record in SOR fixings today, so this is a forewarning for those who may be concerned. SGD forwards trading higher as funding tightens as we… Continue reading
Today, we will have the total solar eclipse that we had talked about in the past: “…Mar 20, 2015 Solar Eclipse on Rosh Chodashim (Biblical New Year) Apr 4, 2015 Blood Moon on… Continue reading
Is it any wonder that bankers which include the economists and strategists all draw higher salaries than the people at the Fed and that the promising and/or prominent officials often end up working… Continue reading
Why is it called a surprise rate cut ? There is nothing surprising about rate cuts when we get an average of over 2 a week, with the count this year coming to… Continue reading
SingTel Unit Prices S$150m 5.5-Year Fixed-Rate Notes Due 2020 (Bloomberg) — Notes part of long-term financing strategy, according to statement. Proceeds used to fund ordinary course of business Oversea-Chinese Banking Corp. acted as… Continue reading
Daily Credit Wrap: Investment Grade: Asia IG had a weak session yesterday with oil and energy names underperforming as the bottom fell out of oil prices. We heard of selling in Sinochem bonds… Continue reading
Given the increased interest in local rates amongst readers, we shall be bringing back the Singapore rates weekly that we used to publish in the past. I have decided to change to a… Continue reading
Is bread and circuses all that we care about? https://www.singapore50.sg/ Do you go about celebrating 50 years of being family when the very founder of the family is fighting for dear life? http://www.businesstimes.com.sg/government-economy/lee-kuan-yews-condition-worsens-due-to-infection-pmo… Continue reading
*** NEW ISSUE: ROWSLEY LTD. SGD 3YR – UPDATE 1 *** – New Rowsley SGD 3yrs announced with strong IOIs post SG roadshow – Initial price guidance: 6.50% area – Structural enhancements: CoC… Continue reading