Tag Archive: SEMBCORP INDUSTRIES 5% PERPETUAL

SGD New Issue Review : Sembcorp Industries SGD Perp NC 5 % (Updated)

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Issuer: Sembcorp Industries Unrated, subordinated Distribution: Fixed. Reset in yr 10 based on prevailing SGD 10Y SOR plus initial spreads and every 10Y after Step-up: 100bps in yr 10 Distribution deferral: At issuer’s… Continue reading

SGD New Issue Review : SEMBCORP SGD 7Y & 12Y

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NOTICE : PLEASE LINK BACK TO THIS SITE IF YOU WANT TO USE THIS POST.   NEW ISSUE: SEMBCORP SGD 7Y – New Sembcorp SGD 7yrs announced. Deal is anchored – Initial price… Continue reading

SGD NEW ISSUE REVIEW : JURONG SHIPYARD 7Y AND 15Y

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JURONG SHIPYARD PTE LTD(GUAR BY SEMBCORP MARINE LTD) SGD 7 & 15 Y Issuer: Jurong Shipyard Pte Ltd Guarantor:  Sembcorp Marine Ltd Status:  Direct, unconditional, unsubordinated and unsecured Notes Rating: Unrated Format:  Reg… Continue reading

Bonds In Conversation : Paying The Price For Another’s Mistakes

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A lesson to be learnt in the massive traffic jam on the Singapore side of the Johor causeway – what a wonderful position to be in for others to pay the price for… Continue reading

Bonds In Conversation : Missing the Forest For the Trees

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How did we miss the forest for the trees ? The best performing asset in the world this week would be Bitcoins which are up 50%. The talk is that China has just… Continue reading

Bonds In Conversation : Sorry America And Thank You.

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What does one expect to gain by saying this ? “I can only say: I’m sorry, America. As a former Federal Reserve official, I was responsible for executing the centerpiece program of the… Continue reading

Bonds In Conversation : Rejoice, Revel & Reap The ShutDown

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Caveat emptor : Non Americans only The shut down has been good for the rest of the world. Equities and credit markets are holding more than steady. Bonds are outperforming, even high yields… Continue reading

Bonds In Conversation : Fed With A Heart For How Long ?

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“America’s companies, from Apple Inc. (AAPL) to Verizon Communications Inc., are saving about $700 billion in interest payments with the Federal Reserve’s unprecedented stimulus.” http://www.bloomberg.com/news/2013-09-17/bernanke-saves-companies-700-billion-as-apple-to-verizon-borrow.html We have not counted what the rest of… Continue reading

Bonds In Conversation : Survival of The Fittest

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Largest Bond Deal Ever In History Verizon (Baa1/BBB+/A-) Sells $49b in 8-Part Offering, Largest Bond Deal Ever Verizon’s deal tops Apple’s 6-part, $17b offering. $4.25b 3Y fixed sold at+165bps $2.25 3Y FRN sold… Continue reading

Bonds In Conversation : When It Rains, It Floods

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I have floods on my mind though I have not mustered the courage to step foot outside yet for the entire day. The 10Y US treasury note suffered a nasty tumble yesterday, led… Continue reading