What is it about this week that we cannot pin down ? For I am struggling against myself and the scattered thoughts of mine, refusing to gel together to give myself a logical… Continue reading
Bond markets paralysed for the week ending on a jittery note as Swiber and Vallianz announced a suspension of their stocks and bonds on Friday. Of all the issues, Swiber and Vallianz would… Continue reading
NEW ISSUE: EZION HOLDINGS LIMITED SGD SUBORDINATED PERP-NC-4Y Issuer: Ezion Holdings Limited Issue: SGD Subordinated Perpetual Securities Ratings: Unrated Format: Registered form, Regulation S only and S274/275 of SFA, issuance off S$1.5 billion… Continue reading
LOYZ ENERGY LIMITED 2.5Y SGD Issuer: Loyz Energy Limited Rating: Unrated Status: Senior, unsecured Relevant DSRA: Applicable Issue Size: TBD Format/Docs: Reg S Bearer / Issuer’s SGD 250 million Multicurrency Medium Term Note… Continue reading
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
Singaporeans are a suspicious lot. Give them a high yield, under subscribed issue and they will run. If you give them a low yield, over subscribed issue, its ok even if the bond… Continue reading
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
“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
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