Tag Archive: Asian Credits

Singapore Bonds Mid Year Review : A Case of Sobriety in the Shrinking Bond Markets

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  It is impossible these days to talk about financial markets without talking about politics and since it is impossible to talk about politics given the fluidity in the global balance that would… Continue reading

Singapore Bonds : Fact Checking The News

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Weekly Market Bash Is No Bash There is little to say about markets this week except to applaud at the KEEP CALM and CARRY ON behaviour, with no major terror incidents in the… Continue reading

Q4: More of the Same?

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Photo courtesy of Ms Eleanor W., Perth, W.A..   Three quarters into the year, let’s take stock of where we are in terms of performance across the different equity and credit asset classes… Continue reading

NEW DEAL: State Bank of India USD AT1 Perp NC5, Mid 5% Area

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Issuer: State Bank of India, acting through its DIFC branch Subordinated, ranking behind Tier 2 Notes, pari passu in respect of debt instruments classified as Additional Tier 1 Capital and senior to equity… Continue reading

NEW DEAL: ICBC Asia US$ AT1 Perp NC5, IPT 4.75% Area

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Issuer: Industrial and Commercial Bank of China (Asia) Issuer ratings: A2/–/A Basel-III non-cumulative subordinated AT1 Exp. issue rating: Ba1/–/– Reg S UOP: Funding, GCP Distribution rate: Fixed rate, subject to fixed reset periods,… Continue reading

*** OLAM USD SUBORDINATED PERPNC5 – INITIAL PRICE GUIDANCE 5.5% AREA ***

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Issuer: Olam International Limited Issue: USD Subordinated Perpetual Securities Ratings: Unrated Format: Registered / Reg S. Off Issuer’s US$5 billion EMTN Programme Issue Size: US$ TBD Tenor: Perpetual NC5 Ranking: Subordinated; senior only… Continue reading

NEW DEAL: Frasers Centrepoint US$ 5Y Bond, IPT +190bp Area

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NEW DEAL: Frasers Centrepoint $Bench 5Y Bond, IPT +190bp Area (~2.93% YTM) May price today. Issuer: FCL Treasury Pte. Ltd. Guarantor: Frasers Centrepoint Ltd. Unrated, Reg S Bookrunner/lead manager: OCBC Some relevant comps… Continue reading

*** OLAM NEW US$ 5-YEAR: PRICE GUIDANCE 4.65% AREA ***

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Issuer: Olam International Limited Ratings: Unrated Status: Senior Unsecured Notes Format: Reg S Registered, off Issuer’s EMTN Programme Issue Size: US$ Benchmark Tenor: 5 years Price Guidance: 4.65% area Terms: SGX-ST listing, US$200K/1K… Continue reading

New Bond Issues – Unusual Timing?

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Just when we saw one of the worst weeks ever in US stock markets and thoughts of 2008 were racing through our minds over the weekend, we see the announcement of 2 new… Continue reading

USD New Bond Issue: CITIC ENVIROTECH USD SENIOR PERP-NC-3YR at 5.75%

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This is the issuer’s debut USD bond. Here are the details of the deal: ** NEW ISSUE: CITIC ENVIROTECH USD SENIOR PERP-NC-3Y – TERMS ** Issuer: CITIC Envirotech Ltd. (“Company”) Issue: Perpetual Securities… Continue reading