Nanny Markets : FOMC

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I am not sure if, like me, you feel like you are living in a Nanny marketplace because for weeks and months, I have been struggling to find an apt word to describe… Continue reading

Bonds In Conversation : The Truman Show

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It has been a truly strange week. What was supposed to happen did not happen – no Russia embargo, no China default. We had 2 new plane crashes, new historic highs in the… Continue reading

SGD New Issue Review : Dyna-Mac Holdings Ltd 3Y 4.75%

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ISSUER    :    Dyna-Mac Holdings Ltd. STATUS    :    Direct, unconditional, unsubordinated and unsecured Notes ISSUE SIZE    :    TBD FORMAT/DOCS    :    Reg S, Sections 274 and/or 275 of the SFA, issuance off SGD 300 million… Continue reading

New USD Issue : Tata Steel Dual Tranche 5.5Y and 10Y

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TATA STEEL DUAL TRANCHE US$ REGS 5.5YR & 10YR Issuer:  ABJA Investment Co. Pte. Ltd Guarantor: Tata Steel Limited Issue: Fixed Rate Senior Unsecured Notes Guarantor Rating:   Ba3 (Moody’s) / BB (S&P) /… Continue reading

Uncertain Times

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As I have commented on before, markets are by their basic nature always uncertain, even when the real world can seem so black and white sometimes. And as I have said before, perceived… Continue reading

Equity Wednesday : No Guts No Glory, Remember Oct 87

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I am beginning to think its a market plague even as the world has a few real diseases outbreaks to worry about. BUBONIC PLAGUE A Chinese town has been sealed off and 151… Continue reading

SGD New Issue Review : Otto Marine 2 Year 7%

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NEW ISSUE: OTTO MARINE SGD 2Y ISSUE Issuer:  Otto Marine Services Pte. Ltd. Guarantor: Otto Marine Limited Status: Senior Unsecured Fixed Rate Notes Format:  Reg S, Bearer, Section 274/275 of the SFA, issued… Continue reading

SGD New Issue Review : Pacific Andes Resources Development 3Y 8.75%

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PACIFIC ANDES RESOURCES DEVELOPMENT SGD 3YRS – New Pacific Andes Resources Development SGD 3yrs announced. Deal is anchored. – Initial price guidance: 8.75% area – Comps: Midas Holdings 5.75 2017 – 100.20, 5.67%… Continue reading

SGD New Issue Review : Halcyon Agri SGD 5 Year NC3 6.75%

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*HALCYON AGRI SGD 5NC3 – New Halcyon Agri SGD 5NC3 announced post successful SGD roadshow in SG. Deal is anchored. – Step up margin: 2.00% if not called on the first call date… Continue reading