Amazing numbers from America to mark a happy 4th of July for the markets around world – stock markets, mostly. The highly anticipated US Non Farm Payrolls last night smashed new lows in… Continue reading
NEW ISSUE: SINGHAIYI GROUP SGD 2.5Y Issuer: SingHaiyi Group Ltd. Status: Senior, unsecured Rating: Unrated Format: Reg S, Bearer, S274 & 275 of Singapore SFA, issued off the SGD500m Multicurrency Debt Issuance Programme… Continue reading
When you read that 7 year German yields are at 0.70%, you start to appreciate Singapore interest rates a little more. It happened before in 1H last year when German yields were tested… Continue reading
TIONG SENG HOLDINGS SGD 3.5Y New Tiong Seng SGD 3.5yrs announced, deal is anchored Initial price guidance: Low 5% Issuer: Tiong Seng Holdings Limited Status: Senior, unsecured Rating: Unrated Format: Reg S, Bearer,… Continue reading
A friend informed me that he has made 18% trading SReits this year which is impressive because I did not think that SReits were all that exciting. But he is an SReit expert… Continue reading
I end the week with a somewhat fractured view and a profound sense of realisation of the role of the retail investor in bond space. The retail segment is not as fragmented as… Continue reading
NEW ISSUE: NOBLE US$ REGS PerpNC5 | IPG: 6.000% AREA NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR IN ANY OTHER JURISDICTION IN WHICH SUCH DISTRIBUTION WOULD BE… Continue reading
An alarming development today which may have escaped some investors who are not concerned that Noble’s 8.5% USD perpetual has crashed in price terms. This is apparently due to an option used by… Continue reading
2012 was a golden year for SGD corporate bonds, setting many records that have not been broken since. 1. Total corporate bonds issued SGD 31 bio. 2. The largest ever corporate issue –… Continue reading
A 91th minute goal to give Brazil a 2 goal advantage win. Ahem. Just as we would expect from the markets and central banks, go for the popular consensus. Referee = central banker… Continue reading