Singapore PAP government short of funds : Issue Gov bonds

[DerekLeung]

Reuters - 2 hours 45 minutes ago

SINGAPORE, January 12 - Following are terms and conditions of a bond to be issued on January 15, 2009ADVERTISEMENT



Borrower Singapore Government

Issue Amount S$1.2 Billion

Issue Code N708100S

Coupon 2.875% p.a

Issue Date January 15, 2009

Maturity Date July 01, 2015

Average yield and price 1.60% p.a and 107.908%

Cut-off yield and price 1.71% p.a and 107.208%

Coupon Payment Dates 01 January and 01 July

Denominations S$1,000

Auction Date January 12, 2009

Method of Sale Uniform-Price Auction

For ratings information, double click on <RRS0001>

For all bonds data, double click on <BONDS>

For Top international bonds news [TOP/EUB]

For news about this issuer, double click on the issuer RIC,

where assigned, and hit F9 on Reuters terminals.

Data supplied by International Insider.

 

[VIBGYOR]

Reuters - 2 hours 45 minutes ago

SINGAPORE, January 12 - Following are terms and conditions of a bond to be issued on January 15, 2009

Wah Lau Aye! More Public Debts!!

 

[JadedBeach]

The Asian G3 market has reached a standstill. For almost the past year, G3 issuance has reached new lows. Cash has been sitting on the sidelines. Global liquidity has been drained almost completely. Hence, we will be seeing more and more Asian governments turning to local bond markets to help finance fiscal stimulus (after all, only local currency bonds and loans (both G3 and lcy) can be done in this market environment.

It is also interesting to observe that Phils has just issued a US$1.5Bn SEC-reg bond that reopened the Asia bond market (which has only been accessed by high quality issuers).

BUT... it doesn't necessarily take funds *shortage* to induce bond issuance. it could be a multitude of reasons ranging from funding fiscal stimulus, boosting reserves to smoothen maturity profile.


rants by juz beach

Reuters - 2 hours 45 minutes ago

SINGAPORE, January 12 - Following are terms and conditions of a bond to be issued on January 15, 2009ADVERTISEMENT



Borrower Singapore Government

Issue Amount S$1.2 Billion

Issue Code N708100S

Coupon 2.875% p.a

Issue Date January 15, 2009

Maturity Date July 01, 2015

Average yield and price 1.60% p.a and 107.908%

Cut-off yield and price 1.71% p.a and 107.208%

Coupon Payment Dates 01 January and 01 July

Denominations S$1,000

Auction Date January 12, 2009

Method of Sale Uniform-Price Auction

For ratings information, double click on <RRS0001>

For all bonds data, double click on <BONDS>

For Top international bonds news [TOP/EUB]

For news about this issuer, double click on the issuer RIC,

where assigned, and hit F9 on Reuters terminals.

Data supplied by International Insider.

 

[zuoom]

or basically to mop up liquidity in the market?

as many people are holding cash... which is basically doing nothing.

 

[DerekLeung]

[COLOR="_______"]After moping everyone 's liquid then what's next ?[/COLOR]

 

[newyorker88]

Or the govenment has lost so much that they are selling more coupons and make the future pay more debts?

Think about it, Sands? Citi? UBS? or to pay the ministers salaries?

 

[DerekLeung]

[COLOR="_______"]Garment no money liao !

Cannot tax failing businesses and structure funds[/COLOR]

 

[Einfield]

[COLOR="_______"]Garment no money liao !

Cannot tax failing businesses and structure funds[/COLOR]

Gov revenue stream hit on all front.

Corporate Tax side : Taxable income all lower or no profit
Personal Tax : Lower pay and more to be Jobless
Investment : All vaporized by halved

Our reserve: Hell knows what is the real balance.

 

[DerekLeung]

: (-----------

 

[meepok kia]

“If any man among you seem to be religious, and bridleth not his tongue, but deceiveth his own heart, this man's religion is vain.”

 

[Einfield]

“If any man among you seem to be religious, and bridleth not his tongue, but deceiveth his own heart, this man's religion is vain.”

Jesus : Stop using my picture!

 

[funglung]

[COLOR="_______"]Garment no money liao !

Cannot tax failing businesses and structure funds[/COLOR]

I have more faith in Madoff bonds than bonds or anything
from Singapore regime headed by that LKY

 

[tonychat]

What happen to their infamous oversea investment? DO so much business and now still need to issue bond? DIdn't earn meh?