by Amruth Sundarkumar | May 10, 2023 | Singapore Dollar Bonds
Olam Agri’s dual IPO listing in Singapore and Saudi Arabia could happen as early as June, said sources. The dual listing could see them raise up to $1bn across both countries. Sources noted that most of the IPO’s processes had been completed and the listing is...
by Amruth Sundarkumar | Mar 3, 2023 | Singapore Dollar Bonds, Sovereign Bonds
Pakistan’s dollar bonds were lower by 1.5 points across the curve to trade at 40 cents on the dollar. As per Bloomberg, its dollar bondholders are bracing for a potential default with the nation having ~$7bn in debt repayments by June, that includes a $2bn...
by Amruth Sundarkumar | Feb 10, 2023 | Singapore Dollar Bonds
Commodity trading major, Trafigura expects to see a $577mn impairment after a two-month inquiry uncovered that metal cargoes it had bought did not contain the nickel that it expected. Trafigura has been trading with Indian businessman Prateek Gupta’s companies since...
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...
