by Amruth Sundarkumar | Jan 6, 2023 | Singapore Dollar Bonds
Olam Group has hired banks for the Singapore IPO listing of its agribusiness Olam Agri, for about $1bn. The listing is planned to get completed later this year. Olam is currently focusing on executing its reorganization plan and will make a public announcement about...
by Amruth Sundarkumar | Dec 22, 2022 | Perpetual Bonds, Singapore Dollar Bonds
Singapore-based property developers GuocoLand and Frasers Property decided to skip the call dates on their SGD 4.6% Perp and SGD 4.38% Perp respectively. Guocoland’s S$400m 4.6% Perp has a first call on 23 January 2023, while Frasers Property’s S$300m...
by Amruth Sundarkumar | Dec 7, 2022 | Singapore Dollar Bonds, Sovereign Bonds, Sovereigns
Dollar bonds of Ghana fell by over 1.5 points across the curve to trade at ~31 cents on the dollar after facing pushback regarding its local bonds’ debt swap. The nation offered its local creditors new local-currency bonds that will not pay coupons until 2024 in...
by Amruth Sundarkumar | Dec 6, 2022 | Singapore Dollar Bonds
Singapore Airlines (SIA) and Tata Sons have agreed to merge the airline carriers Air India and Vistara subject to regulatory approvals. The merger is set to be completed by March 2024. SIA will acquire a 25.1% stake in Air India for $250mn, taking its total share in...
by Amruth Sundarkumar | Nov 21, 2022 | Singapore Dollar Bonds
Lippo Malls Indonesia Retail Trust (LMIRT) has decided to not redeem its outstanding S$120mn 6.6% Perps on the first call date of December 19, 2022. Thus, the coupon will reset then to the prevailing 5Y SOR plus the initial credit margin of 475.5bp. Based on the...
by Amruth Sundarkumar | Nov 17, 2022 | Singapore Dollar Bonds
Singapore Airlines Group (SIA Group) reported a record H1 operating profit of S$1.23bn ($876mn) and net profit of S$927mn ($658mn). In comparison, last year the airlines recorded an operating loss of S$620mn ($451mn) and net loss of S$837mn ($610mn). In the half year...
