Tag Archive: ASIAN USD BONDS

** CHINA CITIC BANK INTL – US$ PERPNC5 AT1 (REG S) – 4.625% AREA

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Yet another Chinese AT1 hits the market.  With response to last week’s Cinda AM Perp NC5 AT1 lukewarm, it will be interesting to see how investors take to this.  The new Cinda AT1… Continue reading

NEW DEAL: UOB US$ 10.5 NC 5.5Y Tier 2 Bond, IPT +200bp Area (~3.19%)

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(Bloomberg) — May price today. Issuer: United Overseas Bank Ltd Reg S Issuer ratings: Aa1/AA-/AA- Expected issue ratings: A2/–/A+ Subordinated Tier 2 Issuer optional redemption: One-time issuer call option at par in year… Continue reading

**DBS GROUP HOLDINGS LTD – US$ PERP NC5 AT1 PERPETUAL CAPITAL SECURITIES @ 4% AREA**

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**DBS GROUP HOLDINGS LTD – US$ PERP NC5 AT1 PERPETUAL CAPITAL SECURITIES** ISSUER: DBS Group Holdings Ltd INSTRUMENT: Additional Tier 1 Perpetual Capital Securities RANKING: Subordinated, ranking behind Tier 2 instruments, pari passu… Continue reading

NEW DEAL: Road King Infrastructure $Bench 3Y Bond, IPT 5.5% Area

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ISSUER: RKI Overseas Finance 2016 (A) Limited GUARANTORS: Road King Infrastructure Limited (1098 HK) and its subsidiaries (other than those established under the law of the PRC or special purpose vehicle subsidiaries incorporated… 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

SGD Weekly : Timely Elections

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I am thankful for the upcoming elections because these are times were we desperately need some distraction. It has been an atypical week because we do not often get Minsky moments in markets… Continue reading

Bonds In Conversation : The Global Korban

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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

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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

Turning the Summer Heat up on Junk Bonds

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21st June is this year’s summer solstice, marking the turn of the seasons, as the heat is turned up for the Northern hemisphere. Markets around the world remain gripped in the Greek saga… Continue reading

Brekkie Bond Wrap

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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