Temasek’s Astrea V Targets US$600 million for its PE Bond
The Azalea Group, a subsidiary of Singapore’s Temasek Holdings specialising in private equity investments, has launched Astrea V, a securitised bond backed by 38 private equity funds managed by 32 private equity managers and valued at US$1.3 billion, giving exposure...
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Bond Investors Take Flight to Safety Amid Trade War Tensions
The month of May was characterized by heightened trade tensions between US and China, as both superpowers failed to arrive at an agreement during trade talks held in Washington. The escalation in geopolitical risk spooked global markets as investors took flight to...
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50 bps Rate Cut By End of 2019, Says Fed Funds Futures
U.S. fed funds futures contracts extended their rally and are currently indicating more than half a percentage point of interest rate cuts this year by the Federal Reserve. Several U.S. primary dealers corroborate these numbers with their prediction of rate cuts in...
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Fed Atlanta President Bostic Says Rate Hike or Cut are Equally Likely This Year
Federal Reserve Bank of Atlanta President Raphael Bostic said during a Bloomberg Television interview that he does not think U.S. monetary policy needs to be adjusted, and that the scales are neither tilted towards an interest-rate increase or cut. He elaborated that...
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Perpetual Bonds – Key Risks to Know Before Investing
Perpetual bonds have became very popular among individual investors, but the question is do you know what you are buying? Here are some of the key risks that you should keep in mind before investing in perpetuals. 1. Redemption Uncertainty Perpetual bonds are a unique...
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Bond Rally Cools Off as Asian HY Issuance at Record High
April was a month of cooling off for the Asian bond market after a strong first quarter characterized by dovish Fed commentary, booming bond prices and falling credit spreads. Mark-to-market gains (ex-coupon) for USD denominated bonds in the BEV universe stood at $4.7...
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Indian Dollar Bond Issuance Set to Surpass 2017 Record
India Inc’s overseas dollar bond issuances have already surpassed last year’s total of $6.3 billion in just the first 4 months of 2019 with $9.9 billion raised by companies from a range of industries such as State Bank of India ($1.25 billion), Shriram Transport...
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Boeing Pulls Off $3.5 Billion Bond Sale Despite Aircraft Safety Concerns
Boeing sold $3.5 billion in senior unsecured bonds earlier this week and borrowed $1.5 billion in short-term loans from its relationship banks. This comes after 2 deadly plane crashes forced the aircraft manufacturer to scale back production of its most profitable...
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Perpetual Bonds – Understanding the Basics
What are perpetual bonds? Perpetual bonds, also called perpetuals or perps, are fixed income securities that have no maturity date, or where the agreed-upon period of time over which interest will be paid is forever (in perpetuity). Unlike fixed tenor bonds that have...
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