SGD NEW ISSUE REVIEW : BPCE 10.5NC5.5 SGD TIER2
NEW BPCE 10.5NC5.5 SGD TIER 2 – New 10.5NC5.5 SGD T2 announced at the back strong reverse/IOI – Expected issue ratings: Baa3/BBB/A- (M/S/F) – Price guidance @ 4.50% area – Size: TBD –… Continue reading
NEW BPCE 10.5NC5.5 SGD TIER 2 – New 10.5NC5.5 SGD T2 announced at the back strong reverse/IOI – Expected issue ratings: Baa3/BBB/A- (M/S/F) – Price guidance @ 4.50% area – Size: TBD –… 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
“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
I have floods on my mind though I have not mustered the courage to step foot outside yet for the entire day. The 10Y US treasury note suffered a nasty tumble yesterday, led… Continue reading
I have a personal signal for market distress. 2nd hand Lamborghinis for sale. In the recent month, we have seen the listings jump a few fold. Someone told me long ago that… Continue reading
Decided to do some stats for the 2013 SGD corp issues. Out of the 87 or so issues this year, about 45 are under 100, another 24 trading above 100 and the rest,… Continue reading