SGD BOND ALERT : SG LOVES GITI TIRES AND TATA STEEL BONDS !
SINGAPORE LOVES GITI TIRES BONDS ! It started when I listed the bottom 5 bonds of last week on the forum for a reader and I realised that Gajah Tunggal (B2/B) USD 7.75%… Continue reading
Tag Archive: TATA STEEL 4.95% 05/2023
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New USD Issue : Tata Steel Dual Tranche 5.5Y and 10Y
TATA STEEL DUAL TRANCHE US$ REGS 5.5YR & 10YR Issuer: ABJA Investment Co. Pte. Ltd Guarantor: Tata Steel Limited Issue: Fixed Rate Senior Unsecured Notes Guarantor Rating: Ba3 (Moody’s) / BB (S&P) /… Continue reading
SGD New Issue Review : Ping An 5.5Yrs SGD 4.375%
*** NEW ISSUE: PING AN 5.5-Year SGD *** Issuer: Value Success International Limited. Guarantor: China Ping An Insurance Overseas (Holdings) Limited. Keepwell Provider: Ping An Insurance (Group) Company of China, Ltd. Status: Senior,… Continue reading
Bonds In Conversation : Paying The Price For Another’s Mistakes
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 : Sorry America And Thank You.
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
High Yield Corporate Bonds : Few And Far Between
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
Bonds In Conversation : Rejoice, Revel & Reap The ShutDown
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 ?
“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
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