Singapore Bonds

[dancingshoes]

Re: Interesting Bond issues

i just saw that the bond yield for greece 2 years is around 23%....wow!


Greece could be the next Lehman moment by the end of next week hints IMF boss

[video=youtube;cgth94utZOo]https://www.youtube.com/watch?v=cgth94utZOo&feature=youtu.be[/video]



The long-running Greek debt tragedy is almost over. The International Monetary Fund may be the first to blink at the end of next week, triggering another global financial crisis. Not surprisingly for financial markets the worry at the moment is Greece, Greece, Greece.

International Monetary Fund CEO Christine Lagarde told Germany’s Frankfurter Allgemeine Zeitung she could not ‘preclude’ a Greek exit, after four months of tortuous bail-out talks that have failed to get both sides closer to a deal to release aid to the country.

Optimism fades

‘No one wishes the Europeans a Grexit,’ said Ms Lagarde, hinting that Greece is closer to leaving the single currency than ever before. Extinguishing recent hopes in Athens that the two sides were ready to draft an agreement by the end of the week, Ms Lagarde said recent optimism over the country’s future had ’sobered’.

‘It’s very unlikely that we will reach a comprehensive solution in the next few days’, Ms Lagarde told the newspaper during a summit of G7 leaders in Dresden on Thursday.

Peter Rosenstreich, chief FX analyst at Swissquote Bank, explains why he thinks the market is finding the Greece deal situation ‘numbing’ right now…

 

[Runifyouhaveto]

Re: Interesting Bond issues

This SGD baby also 23% yield

Latest Quotes as of 29-May-2015 02:00 PM
https://www.bondsupermart.com/main/bond-info/bond-factsheet/SG55E0991457

Current Ask Yield to Maturity
21.267%
Current Bid Yield to Maturity
25.377%
Current Ask Price (SGD)
79.000
Current Bid Price (SGD)
74.000

 

[dancingshoes]

Re: Interesting Bond issues

if you go in now, it's like walking into a casino. oil and gas as of current not a good bet, imho...why? cos' you will not know if it will go under. end of the year will be a better time to decide.

This SGD baby also 23% yield

Latest Quotes as of 29-May-2015 02:00 PM
https://www.bondsupermart.com/main/bond-info/bond-factsheet/SG55E0991457

Current Ask Yield to Maturity
21.267%
Current Bid Yield to Maturity
25.377%
Current Ask Price (SGD)
79.000
Current Bid Price (SGD)
74.000

 

[bart12]

Re: Interesting Bond issues

Has anyone use fundsupermart to buy individual bonds? I heard now can this website to buy bond online in small lot

 

[Runifyouhaveto]

Re: Interesting Bond issues

Has anyone use fundsupermart to buy individual bonds? I heard now can this website to buy bond online in small lot

RUN no money to try it yet.
Please share any reviews about their commission level when u tried.

 

[Runifyouhaveto]

Re: Interesting Bond issues

Gangbuster May for the Singapore bond market
http://business.asiaone.com/news/gangbuster-may-the-singapore-bond-market
"Interest rates are expected to rise only gradually and rates, especially at the front end, are still relatively low."
- Neel Gopalakrishnan, Credit Suisse Private Banking


Report says Savings Bonds will hurt economy
http://business.asiaone.com/news/report-says-savings-bonds-will-hurt-economy-few-agree
"unintended consequences" of Savings Bonds
- Dr Chua Hak Bin, Director of Global Research, Bank of America Merrill Lynch





High-yield bonds and stocks to offer good returns: Bank of Singapore
http://www.todayonline.com/business/high-yield-bonds-and-stocks-offer-good-returns-bos

let's look at the burden of debts.
Today, if you are a shareholder or Genting, Hyflux, Banyan, etc, you (wife) will faint because your hubby pays a significant portion of income to mistress regularly ( interests debts and preference shares). Let's group them as TIER-2 companies, nothing bad about them, no insolvency risk.

Assuming TIER-1 is the safest, we have the likes of local property companies issuing 3% bonds for 5-8 years tenor.
TIER-2 companies are either lessor-known or listed companies addicted to debts, they have no going-concerns, just that they got to pay 5-7% for their bond borrowings
TIER-3 companies are those with bonds trading at 10-25% yield because of their sector downturn, eg. local listed Oil n Gas companies.

I will not invest in Tier-1 company debts because their prices will drop when US hikes rate 3-6 months later. Retail tranche is still ok.
I will prefer to hide in Tier-2 companies that are not addicted to debts. I get 5-7%pa for those with 2-3 years maturity and knowing that i can preserve my capital to switch to property or cheaper equities 2-3 years later.

- Ah RUN

 

[dancingshoes]

Re: Interesting Bond issues

are they expecting a world recession to come soon?

Gangbuster May for the Singapore bond market
http://business.asiaone.com/news/gangbuster-may-the-singapore-bond-market
"Interest rates are expected to rise only gradually and rates, especially at the front end, are still relatively low."
- Neel Gopalakrishnan, Credit Suisse Private Banking


Report says Savings Bonds will hurt economy
http://business.asiaone.com/news/report-says-savings-bonds-will-hurt-economy-few-agree
"unintended consequences" of Savings Bonds
- Dr Chua Hak Bin, Director of Global Research, Bank of America Merrill Lynch





High-yield bonds and stocks to offer good returns: Bank of Singapore
http://www.todayonline.com/business/high-yield-bonds-and-stocks-offer-good-returns-bos

- Ah RUN

 

[Runifyouhaveto]

Re: Interesting Bond issues

are they expecting a world recession to come soon?

I can confirm it is already here:
- This year car sales in many Malaysian n Indonesian cities dropped by 1/3
- Europe has to entertain greece
- Chinese manufacturing growth is negative, everybody not working, just busy buying shares.
- US economy had a weaker than expected start this year.
- During peak hour, RUN need to wait for 4 trains before boarding one, but i no longer need to queue at my favorite restaurants.

 

[Runifyouhaveto]

alibaba launches trading platform for non-performing loans
http://www.bloomberg.com/news/artic...-you-have-alibaba-china-sells-bad-debt-online
Ma’s Alibaba Group Holding Ltd. will cooperate with the biggest state-owned loan restructurer to dispose of more than 4 billion yuan ($645 million) of non-performing assets on its online shopping platform Taobao.

 

[dancingshoes]

What happens next with global bond markets in turmoil? Could this be an outrider for a far broader breakdown in financial markets? Tighter credit usually means only one thing, and it is not good news.

Bloomberg’s Jonathan Ferro explains why the European bond selloff is different from the rest of the world as bonds erase gains for 2015. He speaks on ‘Bloomberg Surveillance’…




http://www.arabianmoney.net/us-stoc...ens-next-with-global-bond-markets-in-turmoil/

 

[Runifyouhaveto]

Re: Interesting Bond issues

2015 'probably best year ever' to start a covered bond market
http://business.asiaone.com/news/2015-probably-best-year-ever-start-covered-bond-market
"The idea of the instrument is not to pass credit risk to investors, but to have safe funding ... it's not like securitisation where you have tranching, where you have investors who would like to take on credit risk." Unlike sub-prime mortgage-backed securities, covered bond investors, in the event of default, can seek recourse from the banks which issued the debt as well as the collateral itself. This is known as "double recourse".

 

[Runifyouhaveto]

Online bond offerings expected to increase: Analysts
http://www.channelnewsasia.com/news/business/singapore/online-bond-offerings/1912002.html

 

[bart12]

Good news Long overdue.. HongKong already has an active retail bond market for retailers looking to buy online.

Online bond offerings expected to increase: Analysts
http://www.channelnewsasia.com/news/business/singapore/online-bond-offerings/1912002.html

 

[eatshitndie]

Good news Long overdue.. HongKong already has an active retail bond market for retailers looking to buy online.

bonds are toxic.

 

[Runifyouhaveto]

Re: Interesting Bond issues

2015 'probably best year ever' to start a covered bond market
http://business.asiaone.com/news/2015-probably-best-year-ever-start-covered-bond-market
"The idea of the instrument is not to pass credit risk to investors, but to have safe funding ... it's not like securitisation where you have tranching, where you have investors who would like to take on credit risk." Unlike sub-prime mortgage-backed securities, covered bond investors, in the event of default, can seek recourse from the banks which issued the debt as well as the collateral itself. This is known as "double recourse".

DBS joins lenders in Malaysia and Korea selling covered bonds as Basel III rules that require banks to hold more liquid, high quality debt are enforced. Covered bonds typically get the highest grades from rating companies as they're backed by performing mortgages and other investments perceived as safe.

"The amount of ultra-high quality paper has diminished significantly post the global financial crisis," said Swee Ching Lim, a Singapore-based credit analyst at Western Asset Management Co. "The world is starved of triple-A debt."

http://www.straitstimes.com/news/bu...-issue-singapores-first-covered-bond-20150617

 

[kopirui]

Re: Interesting Bond issues

buy sg bond?
if current gov collasped after GE, will LTK return our bond?

 

[Runifyouhaveto]

sianzz.....not SGD


DBS to test demand in Singapore's first covered bond programme
http://business.asiaone.com/news/dbs-test-demand-singapores-first-covered-bond-programme
The bonds will be issued in euros or the greenback

 

[Runifyouhaveto]

Ascott markets Sing dollar subordinated perpetual bonds
http://www.reuters.com/article/2015/06/23/asia-bonds-idUSL3N0Z90E720150623
SINGAPORE, June 23 (IFR) - Ascott Residence Trust is offering Singapore dollar non-call five perpetual bonds at a price guidance for a yield in the 5% area. It will be the issuer's second perpetual bonds, following a S$150 million 5% perp callable in 2019 issued last October.



Others:
East Asia bond markets growth moderates in Q1, Singapore is largest Asean bond issuer in that quarter
http://www.businesstimes.com.sg/ban...-in-q1-singapore-is-largest-asean-bond-issuer

 

[dancingshoes]

bro, does this mean Ascott is expecting SGD to go down?

Ascott markets Sing dollar subordinated perpetual bonds
http://www.reuters.com/article/2015/06/23/asia-bonds-idUSL3N0Z90E720150623
SINGAPORE, June 23 (IFR) - Ascott Residence Trust is offering Singapore dollar non-call five perpetual bonds at a price guidance for a yield in the 5% area. It will be the issuer's second perpetual bonds, following a S$150 million 5% perp callable in 2019 issued last October.



Others:
East Asia bond markets growth moderates in Q1, Singapore is largest Asean bond issuer in that quarter
http://www.businesstimes.com.sg/ban...-in-q1-singapore-is-largest-asean-bond-issuer

 

[Runifyouhaveto]

bro, does this mean Ascott is expecting SGD to go down?

I believe that is not the true consideration. They are just trying to borrow as much as possible because interest rates are rising, and perpetual securities can allow them stretch debt limits more. Local listed branded property companies can enjoy very very low rates when they issue bonds. In fact, 5% is the indicative rate, they might price the bond at 4.8 or 4.9% eventually.