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Singapore Bonds
- Thread starter Runifyouhaveto
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Re: Interesting Bond issues
then buy 3 more lot to subscribe 1 right? 7.64 leh, cheap cheap...
then buy 3 more lot to subscribe 1 right? 7.64 leh, cheap cheap...
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Re: Interesting Bond issues
Potentially the world's largest Bank Tier-1 capital (preference shares/perpetual securities) Offering
http://af.reuters.com/article/commoditiesNews/idAFL4N0QR1T720140821
Would be interesting to see the kind of yields that they offer. Cited USD, Euros denominations + other currencies in the article
will they issue in SGD too?
Please avoid if it is Contingent Convertible bonds = riskier.
Potentially the world's largest Bank Tier-1 capital (preference shares/perpetual securities) Offering
http://af.reuters.com/article/commoditiesNews/idAFL4N0QR1T720140821
Would be interesting to see the kind of yields that they offer. Cited USD, Euros denominations + other currencies in the article
will they issue in SGD too?
Please avoid if it is Contingent Convertible bonds = riskier.
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Re: Interesting Bond issues
UK’s Financial Conduct Authority bans retail investors buying cocos
http://www.ft.com/intl/cms/s/0/e9d5ffca-2308-11e4-a424-00144feabdc0.html
UK’s Financial Conduct Authority bans retail investors buying cocos
http://www.ft.com/intl/cms/s/0/e9d5ffca-2308-11e4-a424-00144feabdc0.html
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Re: Interesting Bond issues
China Fishery Faces Second Deadline in Debt Restructure Bid
China Fishery Group Ltd. (CFG) faces a second deadline today as it seeks approval from bondholders to let its unit in Peru guarantee as much as $1.2 billion of debt.
The Singapore-listed group is pushing for Corporacion Pesquera Inca SAC, its Lima-based unit known as Copeinca, to guarantee obligations including $650 million of credit lines from five lenders, $300 million of its July 2019 bonds and future borrowings, company filings show. That would require a majority of holders of Copeinca’s $250 million notes due February 2017 agreeing to relax the bonds’ covenants, according to a July 17 consent solicitation document.
“It’s very negative for bondholders to consent to this because Copeinca is now going to represent basically the vast majority of China Fishery’s earnings and it has the least amount of debt,” Mariela Anguiano, an analyst at BCP Securities LLC in Greenwich, Connecticut said by phone Aug. 20. “If you make a simple calculation, it doesn’t make sense from a bondholder perspective.”
“The worst-case scenario, if they can’t get the consent from Copeinca bondholders, is a technical default on the loans and the banks will probably give them a temporary waiver,” Annisa Lee, a credit analyst in Hong Kong at Nomura Holdings Inc., said by phone on Aug. 20. “The other alternative is for them to call the Copeinca bonds”
http://www.bloomberg.com/news/2014-...ond-deadline-in-debt-restructure-attempt.html
On July 18, Pacific Andes’ fishing arm China Fishery asked holders of Copeinca’s $250m bond to approve a change to their terms that would see Copeinca guarantee up to $1.2 billion of debt belonging to China Fishery.
http://www.undercurrentnews.com/2014/07/22/pacific-andes-taps-singapore-bond-market-for-160m/
China Fishery Faces Second Deadline in Debt Restructure Bid
China Fishery Group Ltd. (CFG) faces a second deadline today as it seeks approval from bondholders to let its unit in Peru guarantee as much as $1.2 billion of debt.
The Singapore-listed group is pushing for Corporacion Pesquera Inca SAC, its Lima-based unit known as Copeinca, to guarantee obligations including $650 million of credit lines from five lenders, $300 million of its July 2019 bonds and future borrowings, company filings show. That would require a majority of holders of Copeinca’s $250 million notes due February 2017 agreeing to relax the bonds’ covenants, according to a July 17 consent solicitation document.
“It’s very negative for bondholders to consent to this because Copeinca is now going to represent basically the vast majority of China Fishery’s earnings and it has the least amount of debt,” Mariela Anguiano, an analyst at BCP Securities LLC in Greenwich, Connecticut said by phone Aug. 20. “If you make a simple calculation, it doesn’t make sense from a bondholder perspective.”
“The worst-case scenario, if they can’t get the consent from Copeinca bondholders, is a technical default on the loans and the banks will probably give them a temporary waiver,” Annisa Lee, a credit analyst in Hong Kong at Nomura Holdings Inc., said by phone on Aug. 20. “The other alternative is for them to call the Copeinca bonds”
http://www.bloomberg.com/news/2014-...ond-deadline-in-debt-restructure-attempt.html
On July 18, Pacific Andes’ fishing arm China Fishery asked holders of Copeinca’s $250m bond to approve a change to their terms that would see Copeinca guarantee up to $1.2 billion of debt belonging to China Fishery.
http://www.undercurrentnews.com/2014/07/22/pacific-andes-taps-singapore-bond-market-for-160m/
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Re: Interesting Bond issues
how come is issued under a S$5 billion Euro Medium Term Note Programme? euro is going down very badly leh...:*:
http://www.businesstimes.com.sg/bre...easury-offers-s500m-fixed-rate-notes-20140822
CapitaLand Treasury offers S$500m fixed-rate notes
CAPITALAND Treasury Limited, a wholly owned subsidiary of CapitaLand, has priced the offering of S$500 million, 3.80 per cent fixed-rate notes due 2024.
The notes will be issued under a S$5 billion Euro Medium Term Note Programme established in August 2012 and updated in September last year.
The net proceeds will be used for refinancing existing borrowings and for financing the investments and general corporate purposes of CapitaLand and CapitaLand Treasury Limited.
how come is issued under a S$5 billion Euro Medium Term Note Programme? euro is going down very badly leh...:*:
http://www.businesstimes.com.sg/bre...easury-offers-s500m-fixed-rate-notes-20140822
CapitaLand Treasury offers S$500m fixed-rate notes
CAPITALAND Treasury Limited, a wholly owned subsidiary of CapitaLand, has priced the offering of S$500 million, 3.80 per cent fixed-rate notes due 2024.
The notes will be issued under a S$5 billion Euro Medium Term Note Programme established in August 2012 and updated in September last year.
The net proceeds will be used for refinancing existing borrowings and for financing the investments and general corporate purposes of CapitaLand and CapitaLand Treasury Limited.
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Re: Interesting Bond issues
hi bro,
- If you are talking about issuing currency, the bonds mentioned, were offered yesterday in SGD denomination, not Euro
- "Euro" MTN (mid-term note), refers issuing to non-US investors. US MTN = issuing for US-investors. It could be due to different regulatory framework. I guess some CFA bros can explain better.
- This bond is not very attractively priced. 4%pa for 10 years.....now swaps for SGD 10 years is about 2.9%, they price it as if they are our local banks. hahahaa
hi bro,
- If you are talking about issuing currency, the bonds mentioned, were offered yesterday in SGD denomination, not Euro
- "Euro" MTN (mid-term note), refers issuing to non-US investors. US MTN = issuing for US-investors. It could be due to different regulatory framework. I guess some CFA bros can explain better.
- This bond is not very attractively priced. 4%pa for 10 years.....now swaps for SGD 10 years is about 2.9%, they price it as if they are our local banks. hahahaa
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Re: Interesting Bond issues
OCBC NCPS at least give better returns at 5.1%, same goes for DBS at 4.7
They really think they are better than local banks.
OCBC NCPS at least give better returns at 5.1%, same goes for DBS at 4.7
They really think they are better than local banks.
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Re: Interesting Bond issues
They priced too low above interest rates swap for long-term bonds = extremely high risk of trading below par before maturity. We can see this happening to APPLE's bonds in the first few pages of this thread.
In secondary market, Keppel has another 4% long-term bond trading at appx 5% below par. So might as well choose Keppel.
OCBC NCPS at least give better returns at 5.1%, same goes for DBS at 4.7
They really think they are better than local banks.
They priced too low above interest rates swap for long-term bonds = extremely high risk of trading below par before maturity. We can see this happening to APPLE's bonds in the first few pages of this thread.
In secondary market, Keppel has another 4% long-term bond trading at appx 5% below par. So might as well choose Keppel.
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Re: Interesting Bond issues
why do they need to sell asset company to raise so much capital? when i say so much capital, i am really referring to the sum which they raise from the shares earlier.
OCBC may sell United Engineers stake to Charoen
http://www.todayonline.com/business/ocbc-may-sell-united-engineers-stake-charoen?singlepage=true
why do they need to sell asset company to raise so much capital? when i say so much capital, i am really referring to the sum which they raise from the shares earlier.
OCBC may sell United Engineers stake to Charoen
http://www.todayonline.com/business/ocbc-may-sell-united-engineers-stake-charoen?singlepage=true
Last edited:
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Re: Interesting Bond issues
It is coming brothers
Covered bonds on the cards at last in Singapore
http://www.reuters.com/article/2014/08/22/singapore-bonds-idUSL4N0QS20120140822
The first covered bond issue from a Singapore bank could finally be on its way as regulators near an agreement to open a market estimated to be worth S$25bn (US$20bn).
It is coming brothers
Covered bonds on the cards at last in Singapore
http://www.reuters.com/article/2014/08/22/singapore-bonds-idUSL4N0QS20120140822
The first covered bond issue from a Singapore bank could finally be on its way as regulators near an agreement to open a market estimated to be worth S$25bn (US$20bn).
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Re: Interesting Bond issues
Covered bonds are usually in smaller denomination + secured by asset + secured by issuing bank = very safe.
Covered bonds are usually in smaller denomination + secured by asset + secured by issuing bank = very safe.
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Re: Interesting Bond issues
there are bonds, etf, etc... why do pple choose to invest in bond?
there are bonds, etf, etc... why do pple choose to invest in bond?
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Re: Interesting Bond issues
three main kinds of people
1. Bears - Short-term bonds from premium issuers are good hiding place if you think asset prices are dropping
2. Asset Diversification - Most people would want to a more diversified portfolio
3. Speculators - They invest in high yield bonds using borrowed $$$.
three main kinds of people
1. Bears - Short-term bonds from premium issuers are good hiding place if you think asset prices are dropping
2. Asset Diversification - Most people would want to a more diversified portfolio
3. Speculators - They invest in high yield bonds using borrowed $$$.
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Re: Interesting Bond issues
Singapore banks could soon issue covered bonds
http://www.todayonline.com/business/singapore-banks-could-soon-issue-covered-bonds
Singapore banks could soon issue covered bonds
http://www.todayonline.com/business/singapore-banks-could-soon-issue-covered-bonds
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Re: Interesting Bond issues
Was talking to an old uncle, in his early sixties, in the market. Shared with me he holds 100lot of ocbc, 45 lots of uob and another 45 lots of kep corp. accumulated over the years, when ocbc shares split. Based on Fridays closing, easily 2.5kk in shares. This is excluding others, such as nol, sia and penny stocks. Best part, still stay in hdb.
Ask him if he not worried I would borrow money from him and we had a good laugh.
Strange though why he showed me.
Ask him about the rights issue on ocbc, told me he will subscribe to it.
Was talking to an old uncle, in his early sixties, in the market. Shared with me he holds 100lot of ocbc, 45 lots of uob and another 45 lots of kep corp. accumulated over the years, when ocbc shares split. Based on Fridays closing, easily 2.5kk in shares. This is excluding others, such as nol, sia and penny stocks. Best part, still stay in hdb.
Ask him if he not worried I would borrow money from him and we had a good laugh.
Strange though why he showed me.
Ask him about the rights issue on ocbc, told me he will subscribe to it.
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