Australia Focus : Thank You BoJ, No Thank You Fed !
Yes. Thank you BoJ, Kuroda, GPIF, Aso and Abe. If you want to know what is the shape of things to come, just take a look at the relative performances of the various… Continue reading
Bonds In Conversation : Sure Win 4 You Game Changers
Apologies for the late report and prices this week. I had some trouble with my PC. 10 Singaporeans and another 4 foreigners from China and Hong Kong have lodged reports with the Commercial… Continue reading
Hedge Fund Perspectives : A Very Happy Halloween
It felt like ages since I caught up with this hedge fund friend of mine and it has been. For you see, it is easy to drift apart from good friends who have… Continue reading
Through the Looking Glass – SGS Auction Calendar 2015 and Mini Auction Update
The MAS is getting savvy. Reducing the government bond issuance next year and throwing in the “mini auctions” just when the US is running out of bonds to sell given that the Federal… Continue reading
SGD NEW ISSUE : MAPLETREE COMMERCIAL TRUST SGD 5Y
ISSUER: Mapletree Commercial Trust Treasury Company Pte Ltd GUARANTOR: DBS Trustee Limited (in its capacity as trustee of MCT) ISSUE RATING: Expected to be Baa2 by Moody’s STATUS: Senior, Unsecured FORMAT : RegS,… Continue reading
SGD New Issue Review : Grand China Air (Guaranteed by Hainan Airlines)
GRAND CHINA AIR (HK) GUARANTEED SGD 3Y _ New Grand China Air (HK) SGD 3Y announced post roadshow. Deal is anchored – Guarantors: Hainan Airlines Co.,Ltd.and Grand China Air Co., Ltd. – Initial… Continue reading
SGD New Issue Review : Tata International SGD Guaranteed Perpetual NC5
Issuer: Tata International Singapore Pte. Limited Guarantor: Tata International Limited Rating: Unrated Format: Regulation S, Registered Form and S274/275 of SFA Size: TBD Maturity: Perpetual Issue: Guaranteed Senior Perpetual Capital Securities Price Guidance:… Continue reading
Zico Files : The correction came and went
Now that the sky is not falling, is there still opportunities in the market place. Yes there are. In a market that has done well, one often hears the remark – “I will… Continue reading
SGD New Issue Review : CAMBRIDGE-MTN PTE LTD (Amended)
NEW ISSUE: CAMBRIDGE-MTN PTE. LTD SGD 4YR SENIOR ISSUER: Cambridge-MTN Pte.Ltd. GUARANTOR: RBC Investor Services Trust Singapore Limited (in its capacity as trustee of Cambridge Industrial Trust) STATUS: Direct, unconditional, unsubordinated & unsecured… Continue reading
INVESTMENT TUESDAY : FOR REAL ESTATE MATTERS, TALK TO LI KASHING
Information is not perfect and life is unfair to those with no foresight. I concluded after reading this WSJ piece on how stock market timing has exacerbated the income disparity in the US… Continue reading