Research Articles

Newly Issued Bond: Sony USD Bonds; IPG: 4.98 - 5.48%

New Issue: Ho Bee Land announces a new 5Y SGD senior unsecured green note at an IPG of 3.50%.

We look at Ho Bee Land’s latest issuance and provide our thoughts below.

Newly Issued Bond: POSCO International USD Bond; IPG: 5.36%

POSCO International’s 5-year USD bond offers reasonable yield, but investors should monitor higher leverage and tight near-term liquidity

New Issue: GuocoLand plans on issuing new 4.25Y SGD senior unsecured bonds at an FPG of 2.50%.

We look at GuocoLand’s new issuance and provide our thoughts below.

New Issue: Genting Overseas Holdings Limited issues new NC5.5 SGD perpetuals at an IPG of 5.65%.

We provide a summary of Genting’s latest financial performance and examine this new NC5.5 perpetual.

Newly Issued Bond: City Developments Limited 5-year SGD Senior Unsecured Notes; FPG of 2.50%

City Developments Limited (CDL) is launching a new 5-year SGD senior unsecured bond at a final price guidance of 2.50%. Here is our take on the new issue.

Newly Issued Bond: Mapletree Pan Asia Commercial Trust 7-year SGD Senior Green Notes; IPG of 2.80%

Mapletree Pan Asia Commercial Trust (MPACT) intends to issue a new tranche of SGD-denominated senior Green Notes. Here is our take on the new issue.

Newly Issued Bond: Tencent USD & RMB Bond; IPG: 3.0% - 6.0%

New Issue: Keppel Limited launches new NC3 SGD Perpetuals at an IPG of 3.60%

Keppel Limited plans to issue new SGD NC3 perpetuals at an initial price guidance of 3.60%. Here is our take on this new issuance.

Commerzbank announces 5-year AUD senior preferred bonds at an IPG of around 5.815%

Commerzbank plans to issue new 5-year AUD senior preferred bonds at an initial price guidance of around 5.6%, for accredited and institutional investors only. Here is our take on this new issuance.