Arab Banking Corp. provided notice that the project company for Hyflux’s Magtaa desalination project made a claim under a contract-performance guarantee, Hyflux said Tuesday.Read More
Bonds and credit
These are Singapore companies which may be in focus on Friday, 5 April 2019: Hyflux, Frasers Property, CapitaLand Mall Trust and Uni-Asia.
Frasers Property said on Thursday it proposed issuing S$400 million fixed-rate subordinated perpetual securities at 4.98 percent.
CapitaLand Mall Trust said Thursday it issued US$300 million of 10-year fixed rate notes at 3.609 percent to institutional and/or sophisticated investor(s).
Online brokerage iFast’s Malaysia subsidiary is offering investment grade bonds to retail investors, with minimum investments as low as 1,000 ringgit.
These are Singapore companies which may be in focus on Wednesday, 3 April 2019: Keppel REIT, Singtel, DeClout and Addvalue Technologies.
Keppel REIT said Tuesday it priced its S$200 million five-year convertible bond offering at 1.90 percent, the top end of the expected interest rate range.
Keppel REIT said on Tuesday it planned to issue S$200 million of five-year convertible bonds, with the possibility of upsizing the offer to as much as S$250 million.
These are Singapore stocks which may be in focus on Tuesday, 2 April 2019: SIA Engineering, Keppel, Olam and Golden Agri-Resources.
Moody’s said Monday it was downgrading ST Engineering’s baseline credit assessment (BCA) to a3 from a2 after its announced acquisition of Newtec.
Olam International said on Monday it obtained a first-of-its-kind US$350 million revolving credit facility which ties the pricing to the agri-business player’s “digital maturity score.”
Yinson is in advanced talks to take over US$916 million of debts from troubled liftboat charterer Ezion’s lenders, the Singapore company said Sunday.
Efforts to restructure troubled marine engineering group Swiber got a leg up after Seaspan said it would move ahead with an up to US$200 million investment.
These are the Singapore companies which may be in focus on Thursday, 28 March 2019: Singapore Technologies Engineering Singapore Technologies Engineering said late on Wednesday…
These are the Singapore companies which may be in focus on Wednesday, 27 March 2019: Singapore Technologies Engineering Singapore Technologies Engineering said late on Tuesday…
The yield curve inversion in the U.S. may have set off a fresh round of market jitters, but Eric Rosengren, president of the U.S. Federal Reserve Bank of Boston, said on Tuesday that it’s no longer a reliable recession signal.
The inversion of the U.S. yield curve may have convinced many market participants that the sky is falling, or at least, a recession is looming, but at least two central bankers are unimpressed.