SGD New Issue Review : Mapletree Greater China Commerical Trust 7Y

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MAPLETREE GREATER CHINA COMMERCIAL TRUST SGD 7YR – New Mapletree Greater China Commerical Trust SGD 7yrs announced – Expected issue rating: Baa1 (Moody’s) – Initial price guidance: 3.30% area – Timing: This week’s… Continue reading

SGD New Issue Review : Lend Lease 7Y (Secured on JEM)

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**LEND LEASE RETAIL INVESTMENTS 3 PTE. LTD. SGD 7Y SNR SECURED-IPG** ISSUER: Lend Lease Retail Investments 3 Pte. Ltd. GUARANTOR: Lend Lease Commercial Investments Pte. Ltd. STATUS: Direct, unconditional, unsubordinated and secured Notes… Continue reading

Ad Hoc Commentary – calling the S&P500 bluff

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Now that our favorite S&P500 had closed above 2000 for the first time ever, yours truly is calling it bluff. Yes, we had been saying all these while that long term it is… Continue reading

Equity Tuesday : “Are We There Yet ?” Markets

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If you are a parent, you would know the sound of that endless drone from that pesky 4 year old on a journey, “Are we there yet ?” repeated a thousand times. Initially… Continue reading

United We Stand, Divided We Fall – Central Banks Breaking Ranks, EURUSD Breaking Bad

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I am not sure which planet some private bankers are from but I am seeing headlines that Yellen is dovish in the in-box whilst strategy pieces that are meant for distribution only to… Continue reading

International Focus : Australia and China

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Continued rumblings in the China growth story as FDI falls 17% and borrowings continue to soar with Beijing becoming the 8th region to issue their own local government bonds for CNY 10.5 billion… Continue reading

Bonds In Conversation : The New Hawk Is A Meek Goose

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The US market saw the lowest weekly high yield issuance volume since Aug 2011 even as demand resurfaces with a $ 680 mio inflow last week which followed a record breaking $ 7.1… Continue reading

SGD New Issue Review : Pacific Radiance 4Y 4.5%

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NEW ISSUE: PACIFIC RADIANCE LTD. SGD 4YR ISSUE Issuer: Pacific Radiance Ltd. Status: Direct, unconditional, unsubordinated and  unsecured Notes Rating: Unrated Format:  Reg S, S274 & 275 of Singapore SFA Tenure: 4 Years… Continue reading

Equity Thursday : Bad Vibes For Reits

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The FTSE Straits Times Real Estate Investment Trust Index is  up 7.2 % on the year and 179% higher than its low back in Mar 2009. 10Y Chart of SREITS and their dividends… Continue reading

SGD New Issue Review : Capitaland 10Y 4%

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Dear Capitaland, whom we have not seen since 2012. CAPITALAND 10Y SGD NEW 10Y SGD ANNOUNCED INITIAL PRICE GUIDANCE: 4% AREA SIZE: SGD BENCHMARK AS EARLY AS TODAY’S BUSINESS A surely must have… Continue reading