JULIUS BAER GROUP SGD AT1
– Initial price thoughts low-mid 6% for a PerpNC5 AT1 – Strong interest received so far – Timing Wednesday at the earliest Thoughts: So after more than 2 weeks has passed since the… Continue reading
Tag Archive: Asian Credits
Reopening of SGD Bond Market?
Over the last week, we possibly witnessed the signs of a first default in the SGD bond market post-Lehman. Trikomsel’s proposed debt restructuring will undoubtedly send some shivers down the spines of investors… Continue reading
Bonds In Conversation : Ending The Quarter On High Drama
It has been nothing but drama this week after the FOMC last week, starting with good news out of Greece for their elections, the Volkswagen scandal, 6 1/2 lows in Chinese manufacturing, Brazil… Continue reading
Bonds In Conversation : The Global Korban
My biggest apologies…. no SACRIFICE YET ! WAIT TILL SEPTEMBER ! Today is Hari Raya Haji PUASA in Singapore which is also known as the Eid al-Adha Fitr in the Middle East. An… Continue reading
Primary Credit Watch
China SCE sells $350m 5NC3 10% bonds, IPT 10.5% area BOC Gets $4b Orders for USD 3Y Bond, $3.5b for 5Y, $2.8b for 10Y Lender sells $1b 3Y bonds at +115bps vs IPT… Continue reading
Primary Credit Watch
MONGOLIBANK OF CHINA USD/CNH/SGD MULTI-TRANCHE: MULTI-TRANCHE REG S REGISTERED TRANSATION ANNOUNCED IN USD/CNH/SGD PRICE GUIDANCE: USD: 3YR: T3+140BPS AREA 5YR: T5+150BPS AREA 10YR: T10+180BPS AREA CNH: 2YR: 3.75% AREA… Continue reading
Brekkie Bond Wrap
We had a weak start to the week as fears of a Greek default and exit from the euro zone weighed on broader markets. There was better selling across all sectors. In IG, we… Continue reading
Primary Credit Wrap
Adani Ports Roadshow For 144a/Reg S USD Bonds Starts Tomorrow Investor meetings in Asia, Europe, Middle-East, U.S. start tomorrow. Issuer: Adani Ports and Special Economic Zone Ltd. Expected ratings: Baa3/BBB-/BBB- Ecpected issue rating:… Continue reading
Brekkie Bond Wrap
The Asian credit market started the week on a weak note as the broader markets struggled. There was some light net selling across the credit space, though it was concentrated in specific sectors.… Continue reading
Primary Credit Recap
Here are some of the major deals that got priced overnight. Notwithstanding the big gap up in global bond yields, secondary performance has been decent apart from Woori AT1 which has unsurprisingly struggled… Continue reading