Lately, stock markets have been getting jittery. Asian markets continued trading sideways while the US and European stock markets struggled to move higher in a zigzag manner. It seems to me that the stock markets have less concern over the resurgence of the number of Covid cases globally than the recent US policy initiatives. “Ivan’s […]
Astrea VI Bond IPO: Why You Should Have Applied Via Private Placement
On March 8, I have alerted readers of the latest Astrea VI Bond issuance through my blog and Telegram Channel. Astrea has just announced its Astrea VI allocation result today. The final coupon for the retail S$ tranche is 3%. It is not fantastic, but good enough for many, especially the retirement income seekers. But […]
Astrea VI Bonds – New issuance of Azalea PE-backed Bonds
I wrote an article in 2019 when Astrea V was launched, I was not thrilled with PE bond offering such a low yield of 3.8% back then. But since the pandemic last year, the broad market interest rate has dropped to an even more ridiculous level. So PE-Backed Astrea Bond does appeal to some investors […]
How Do Rising Interest Rates Affect Stock Market?
Recently, I wrote an article to caution the readers about the euphoria in the innovational technology stocks. In less than two weeks, many such stocks have crashed more than 20%, led by the stock market darlings such as Tesla, Square and Roku. So what happened? You may not realize that the driver behind is the […]
Singapore Airlines (SIA) First USD Bond
Singapore Airlines’ (SIA), whose business was greatly affected by the global pandemic, is issuing its first US dollar bond today. SIA, whose biggest investor is Temasek, had in the past only carried out debt deals in Singapore dollars rather than US dollars. They have issued US$2.77 billion (S$3.7 billion) in five bond issuances in the […]
Aviva Singlife First SGD Bond – 3.375% coupon
In September, Aviva and Singlife have announced that they are merging into one company. For funding the purchase consideration of acquisition and capital adequacy purposes, they have issued a new bond today. This should attract strong interest. Below are the technical details of the bond. The Issuer The bond issuer, ASH, is the holding company […]