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Wesley Hoon
Research Analyst, Global Fixed Income
Wesley Hoon is a Research Analyst with the Global Fixed Income Team at iFAST, where he covers Macro Research and USD and SGD bond markets. In addition to publishing research articles for iFAST, he has shared his insights through local media such as The Business Times. Wesley graduated from the National University of Singapore (NUS) with a Bachelor of Social Sciences (Honours) in Economics.
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Credit Update: Heeton Holdings Limited announces exchange offer for its 2026 SGD notes.
We summarise the recent exchange offer announced by Heeton Holdings Limited and recommend rejecting the offer.
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.
Idea of the Week: Deere bonds – farming the satellite economy via SpaceX connectivity
Deere & Company's investment-grade bonds offer attractive yields of 4.2–5.5%, backed by a resilient precision-agriculture franchise, conservative industrial balance sheet, and growing satellite-enabled connectivity through its SpaceX partnership.
Idea of the week: Attractive 5+% to 7+% GBP & USD bonds offered by Rothesay (GIC owned)
Rothesay Limited, the UK's largest specialist pensions insurer backed by GIC and MassMutual, offers an attractive entry point into investment-grade subordinated credit. The group has a durable, largely contracted earnings floor, with a conservatively positioned balance sheet and a well-staggered debt maturity profile.
Credit Update: META offers 5+% to 6+% yields (USD) while it ramps up its AI monetisation.
Meta’s increasing AI capex ramp is testing, but not yet breaking, its solid credit profile. We examine what it means for their outstanding bonds.
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.
New Bondsupermart Live: CoreWeave, Paramount Global and other bonds with yields up to 8%.
We take a look at 15 new bond issues that have been recently listed on Bondsupermart Live!
Idea of the Week: Attractive 4- 5+% yields (USD) offered by ORIX (Japanese financial services group)
Attractive 4.8%-5.2% USD yields from ORIX, a diversified Japanese financial group with a stable investment-grade credit profile and 61 years of unbroken profitability.
Credit Update: Checking in on the AUD / USD bonds (4.6+ – 5+% yields) from DBS, OCBC, and UOB.
We review the three local banks’ 1Q2026 results and the read-across for bondholders, with DBS, OCBC, and UOB all maintaining robust capital positions despite a more challenging operating backdrop.
Credit Update: Alibaba Q4 FY26 — Investment Cycle Deepens, Credit Thesis Intact
We examine Alibaba's FY26 results (ending March 31, 2026) and provide our updated view on their outstanding bonds.
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