Bond Market Update : China Banks’ Capital Drive
They have hit the street with Basel 3 compliant subs and the supply will continue with Basel 3 perps. Chinese banks are on a mission to boost their capital ratios. 3 weeks ago.… Continue reading
SGD NEW ISSUE REVIEW : JURONG SHIPYARD 7Y AND 15Y
JURONG SHIPYARD PTE LTD(GUAR BY SEMBCORP MARINE LTD) SGD 7 & 15 Y Issuer: Jurong Shipyard Pte Ltd Guarantor: Sembcorp Marine Ltd Status: Direct, unconditional, unsubordinated and unsecured Notes Rating: Unrated Format: Reg… Continue reading
Ad Hoc Commentary – European economic suicide via sanctions on Russia
“…German Chancellor Angela Merkel said the European Union will press ahead with tougher sanctions against Russia as evidence mounts that President Vladimir Putin is behind “attacks” on Ukraine…” http://www.bloomberg.com/news/2014-09-01/merkel-says-europe-won-t-allow-russia-attack-on-ukraine.html Who are businesses in… Continue reading
Bond Market Development – SGD Retail Bonds, At Last (Updated)
Here goes… the proposal for seasoning retail bonds is out, timed perfectly with the “opt in” accredited investor scheme that is being formulated right now, that is most likely to be passed by… Continue reading
Singapore Default Alert : Jasper Investments Ltd
Ugly. Chart : Jasper Investments 8 year price chart Market cap SGD 63.4 mio, falling another 6.2% at the open today after they announced they could not raise funds to take delivery of… Continue reading
Market Thoughts – Preparing to Hyperventilate
I am aware that I will score No Brownie Points for saying I respect Vladimir Putin, albeit grudgingly, but I have been watching him for a while now, since Syria last year and… Continue reading
When Is A Child A Commodity ? Economics Of Parenthood
I am in a pensive mood as far as child rearing is concerned. In a flight of fancy, or call it a mid day reverie, as I battle a white flyand thrip infestation,… Continue reading
International Focus : Australia and China
It is difficult to write anything sensible these days with market views in turmoil, economic numbers pretty much meaningless and the fate of the world hanging on expectations of stimulus out of the… Continue reading
Bonds In Conversation : What Can I Say ? Ice Bucket Challenge !
Stunned into silence in a remarkably surreal week that set some new records to rewire our mindsets. First the Dow and the S&P records highs were expected but what was not is that… Continue reading
Food for Thought : Let’s All Save In AUD And Pass The World’s Low Rate Problem To Them
“The welfare of each is bound up in the welfare of all.” ~ Helen Keller This cannot be more true in the new world order. There are 24 nations in the developed markets,… Continue reading