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
– 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
So yet another retail bond hits the market this week. Oxley Holdings, for sure, is not an unfamiliar name in the corporate bond market, at least for private banking clients. They have 4… Continue reading
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
INDORAMA VENTURES PCL – SGD CGIF G’TEED BONDS – YTM 3.73% Deal Summary ISSUER IVL Singapore Pte. Ltd., a subsidiary of Indorama Ventures Public Company Limited (“IVL”) GUARANTOR Credit Guarantee and Investment Facility… Continue reading
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
While government bonds have underperformed on the year, we cannot say the same for the SGD corporate market. Corporate bond yields have caught up with government yields in a significant way, with government… Continue reading
I say this week ends with blessed relief and double that for me because I narrowly escaped major damage from a little fire incident in the living room. No more playing with fire… Continue reading
After the electrifying elections (where I did warn was not going to be as bad as markets thought it would be), it is official – Singapore would contend to be the worst performing… Continue reading
7 weeks ago, we talked about the “aftershocks” after China pulled out all the stops. And back then we wrote, “What we have to look forward to ? 1. The side-effects of China’s… Continue reading