Tag Archive: TATA STEEL 4.95% 05/2023

SGD BOND ALERT : SG LOVES GITI TIRES AND TATA STEEL BONDS !

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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

New USD Issue : Tata Steel Dual Tranche 5.5Y and 10Y

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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%

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*** 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

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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 : Missing the Forest For the Trees

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How did we miss the forest for the trees ? The best performing asset in the world this week would be Bitcoins which are up 50%. The talk is that China has just… Continue reading

Bonds In Conversation : Sorry America And Thank You.

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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

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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

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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 ?

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“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

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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