by bondevalue | May 7, 2021 | Financial Institutions, Singapore Dollar Bonds
OCBC reported net profits at a high of S$1.5bn ($1.1bn), up 115% over 1Q2020 numbers. Profits were helped by a 66% YoY increase in Banking operations and a 59% YoY increase in Wealth Management to S$1.13bn ($850mn) and S$1.21bn ($910mn). Net interest income stayed...
by bondevalue | May 6, 2021 | Singapore Dollar Bonds
Singapore Press Holdings (SPH) in a filing with SGX has announced the restructuring of its media business into a not-for-profit-entity. SPH’s media business will be transferred to a newly incorporated wholly-owned subsidiary, SPH Media Holdings Pte Ltd (“SPH Media”)....
by bondevalue | May 6, 2021 | Singapore Dollar Bonds
Singapore-based property developer Ascendas Reit announced its plans to acquire the remaining 75% equity stake in Galaxis, a business park in Singapore, for S$534.4mn ($400mn), following its initial 25% acquisition in March 2020. The full ownership will enlarge...
by bondevalue | May 5, 2021 | Singapore Dollar Bonds
Singapore’s Changi Airport Group raised S$500mn ($374mn) via a debut 10Y bond at a yield of 1.88%, 12bp inside initial guidance of 2% area. The bonds have expected ratings of Aaa and received orders over S$2bn, 4x issue size. Fund managers, insurance companies...
by bondevalue | May 5, 2021 | Singapore Dollar Bonds
Singapore based distressed water treatment and power firm Hyflux has received six offers from overseas investors for its restructuring. While one of the bids has offered a restructuring of the entire company, the other five have bid only for specific assets. The...
by bondevalue | May 4, 2021 | Singapore Dollar Bonds, Southeast Asia
Mapletree Industrial Trust raised S$300mn ($225mn) via a Perpetual non-call 5Y (PerpNC5) bond at a yield of 3.15%, 22.5bp inside initial guidance of 3.375% area. The bonds have expected ratings of BBB- and received orders over S$1.1bn, 3.7x issue size. Asset managers...
