Tag Archive: SGD CORPORATE BONDS

TML Holdings 2018 SGD Bond Tender Offer

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Hearing that the company is offering to buy back S$350mm notional of the bonds at 103 plus accrued interest for tender instructions submitted before 21 December. That is a huge premium to the… Continue reading

New SGD Issue: BNP 10NC5 Tier 2 at 4.5%

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Here are the details of the deal: Issuer: BNP Paribas SA Subordinated notes Issuer ratings: A1/A+/A+ Expected issue rating: Baa2/BBB/A Optional redemption: Issuer may redeem notes at par upon the occurrence of a… Continue reading

JULIUS BAER GROUP SGD AT1

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– 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

Reopening of SGD Bond Market?

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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

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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

The Bright Side of The Singapore Bond Market – Our Amazing Corporate Bonds

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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

Bonds In Conversation : The Blessed Relief Of Playing With Fire

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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

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

SGD NEW ISSUES : LTA 7Y AND 12Y

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**NEW ISSUE: LAND TRANSPORT AUTHORITY OF SINGAPORE – SGD 7Y/12Y NOTES** ISSUER: Land Transport Authority of Singapore STATUS: Direct, unconditional, unsubordinated and unsecured Notes, issuance off the S$5 Billion Multicurrency Medium Term Note… Continue reading

SGD NEW ISSUE : ASPIAL 5Y 5.25% SGD 75 MIO

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** ASPIAL TREASURY PTE. LTD. – SGD 5YR AT 5.25% ** ISSUER:  ASPIAL TREASURY PTE. LTD. (“Issuer”) GUARANTOR: ASPIAL CORPORATION LIMITED (“Guarantor”) STATUS:  Direct, unsubordinated, unconditional and unsecured TENOR: 5 years OFFER/ISSUE:  Up… Continue reading