FX Thoughts : FOMC Halloween Edition
An action packed weekend with the Eurozone banks audit all sorted with minimal fuss after a year of suspense and Brazil elections done and over with. It was overall, a boring week with… Continue reading
SGD New Issue Review : Oxley 2Y 5.25%
NEW ISSUE: OXLEY MTN PTE LTD SGD 2 YR ISSUE – New Oxley Mtn Pte Ltd SGD 2yrs announced on the back of reverse interests – Initial price guidance: 5.25% area – Issue… Continue reading
SGD NEW ISSUE REVIEW : LOYZ 2.5Y 9%
LOYZ ENERGY LIMITED 2.5Y SGD Issuer: Loyz Energy Limited Rating: Unrated Status: Senior, unsecured Relevant DSRA: Applicable Issue Size: TBD Format/Docs: Reg S Bearer / Issuer’s SGD 250 million Multicurrency Medium Term Note… Continue reading
China Focus : Rule of Law or Rule of Smog ?
Misty days as Beijing remains shrouded in smog and intrigue as pilots learn to land blindly. Good news is that the people will get a holiday during the APEC summit next month. http://www.reuters.com/article/2014/10/25/us-china-pollution-idUSKCN0IE02L20141025… Continue reading
Australia Focus : The Real Estate Romance
It took Ebola and China GDP numbers to move the AUD and not the RBA minutes, which is not that surprising. It’s been a quiet week without the major central banks saying… Continue reading
Swiss Referendum : The Meaning of or the Lost Cause Of Gold ?
Some of us may be aware that there will be a referendum in Switzerland on the 30th of November to decide on the fate of gold in their national coffers, making monetary policy… Continue reading
Some SGD Bond Headlines
Cambridge Industrial Trust Plans SGD Bonds Via RBS Oct. 24 (Bloomberg) — Investor meetings in Singapore from Oct. 27. • Issuer: Cambridge-MTN Pte. Ltd. (wholly owned subsidiary of Cambridge Industrial Trust) • Reg… Continue reading
Bonds In Conversation : Trick Or Treat Time
Equities bounced back, Ebola forgotten, terror alerts dismissed and bond yields holding near their 1 year lows (except for Greece and Russia). I find myself unable to stick to a firm view with… Continue reading
Better Start Thinking About The Risks We Don’t Think About
We are due for a nice partial solar eclipse later on tonight or rather early tomorrow morning at 330 am, Singapore time. I am not sure if everyone has been reading these troubling… Continue reading
NEW USD ISSUE ALERT : TATA MOTORS LIMITED USD 5.5YR 5% – WHAT’S THE MATTER WITH YOU, SINGAPORE ?
Issuer: Tata Motors Limited Issue: Fixed Rate Senior Unsecured Notes Issuer rating: Ba2 (Stable) by Moody’s, BB (Positive) by S&P Exp. Issue rating: Ba2 by Moody’s, BB by S&P Format: Regulation S only… Continue reading