Showing posts with label medium. Show all posts
Showing posts with label medium. Show all posts
Sunday, March 2, 2014
Bank of China issues RMB 3 billion yuan Lion City bonds
2014-02-25
25 February 2014, Singapore - Bank of China Singapore branch (BOC) today issued Renmimbi (RMB) 3 billion ‘Lion City’ bonds, the largest Chinese yuan bond issuance in Singapore. The bonds will be listed on the Singapore Exchange.
With strong support from local and international institutional investors, the issuance was 2.96 times oversubscribed. The geographical composition of investors shows 52% coming from Singapore, 25% from rest of Asia and 23% from Europe. It was priced at 3.30% for the two-year bonds, 4% for the five-year bonds. Bank of China, DBS Bank, OCBC Bank Singapore and Standard Chartered Bank are joint book runners, with the Agricultural Bank of China Singapore Branch being co-manager.
BOC Singapore General Manager Mr. Zhang Qingsong said: “Bank of China’s ‘Lion City’ issuance reflects the continued internationalisation of RMB as a leading currency and Singapore’s increasing maturity as an offshore renminbi centre.
“As China’s most international bank with the largest renminbi cross-border transactions business, this issuance demonstrates BOC’s continued support for Singapore’s rapid development as an offshore renminbi centre.”
This is BOC’s third RMB bond issuance within its USD10 billion Medium-Term Note programme (MTN) which was assigned ‘A’ by Fitch Ratings and ‘A1’ by Moody's Investors Service. BOC released its first 2 billion RMB “Formosa Bonds” in Taiwan in December 2013 and 2.5 billion RMB offshore bonds in London in January 2014.
Operating under a Qualifying Full Bank License (QFB), BOC Singapore branch provides a wide range of services including deposit and loan banking, commodity financing, wealth management and credit cards.
Bank of China launched the BOC Cross-border Renminbi Index (CRI) in September 2013. The Index reached a historic high of 228 points at the fourth quarter last year, showing that RMB internationalisation process continues to accelerate.
- wong chee tat :)
Thursday, September 19, 2013
HDB Issues Fixed Rate Notes
HDB Issues Fixed Rate Notes
Date issued : 19 Sep 2013
The Housing and Development Board ("HDB") has issued S$1.45 billion, 5-year Fixed Rate Notes (the “Notes”) under its S$22 billion Multicurrency Medium Term Note ("MTN") Programme.
2 The Notes have a coupon of 2.365% per annum payable semi-annually in arrear. The Notes were issued on 19 September 2013 and will mature on 19 September 2018.
3 The Notes are in denominations of S$250,000 and were offered by way of placement to investors who fall within Sections 274 and/or 275 of the Securities and Futures Act, Chapter 289 of Singapore. Approval in principle for the listing of the Notes on the Singapore Exchange Securities Trading Limited (SGX-ST) has been obtained. Admission of the Notes to the Official List of the SGX-ST is not to be taken as an indication of the merits of HDB, its subsidiaries or the Notes. The Notes are cleared through The Central Depository (Pte) Limited.
4 The Joint Lead Managers are Australia and New Zealand Banking Group Limited, BNP Paribas, Singapore Branch, CIMB Bank Berhad, DBS Bank Ltd., Deutsche Bank AG, Singapore Branch, DMG & Partners Securities Pte Ltd, The Hongkong and Shanghai Banking Corporation Limited, Oversea-Chinese Banking Corporation Limited, Standard Chartered Bank and United Overseas Bank Limited.
5 Under HDB's MTN programme, HDB may from time to time, issue bonds (or notes) to finance its development programmes and working capital requirements as well as to refinance the existing borrowings.
6 HDB was set up as a statutory board on 1 February 1960. HDB houses more than 80% of Singapore's resident population and enables more than nine out of ten of them to be homeowners. This has made Singapore one of the highest home ownership nations in the world. The provision of quality housing and related services, and the renewal of the older HDB estates, will remain the focus for HDB.
NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR TO U.S. PERSONS
This announcement is not an offer for sale of securities in the United States. The Notes have not been and will not be registered under the U.S. Securities Act of 1933 (as amended), and may not be offered or sold in the United States or to U.S. persons absent registration under, or an applicable exemption from, the registration requirements of the U.S. securities laws. No public offering of securities is being made in the United States or in any other jurisdiction where such an offering is restricted or prohibited.
- wong chee tat :)
Date issued : 19 Sep 2013
The Housing and Development Board ("HDB") has issued S$1.45 billion, 5-year Fixed Rate Notes (the “Notes”) under its S$22 billion Multicurrency Medium Term Note ("MTN") Programme.
2 The Notes have a coupon of 2.365% per annum payable semi-annually in arrear. The Notes were issued on 19 September 2013 and will mature on 19 September 2018.
3 The Notes are in denominations of S$250,000 and were offered by way of placement to investors who fall within Sections 274 and/or 275 of the Securities and Futures Act, Chapter 289 of Singapore. Approval in principle for the listing of the Notes on the Singapore Exchange Securities Trading Limited (SGX-ST) has been obtained. Admission of the Notes to the Official List of the SGX-ST is not to be taken as an indication of the merits of HDB, its subsidiaries or the Notes. The Notes are cleared through The Central Depository (Pte) Limited.
4 The Joint Lead Managers are Australia and New Zealand Banking Group Limited, BNP Paribas, Singapore Branch, CIMB Bank Berhad, DBS Bank Ltd., Deutsche Bank AG, Singapore Branch, DMG & Partners Securities Pte Ltd, The Hongkong and Shanghai Banking Corporation Limited, Oversea-Chinese Banking Corporation Limited, Standard Chartered Bank and United Overseas Bank Limited.
5 Under HDB's MTN programme, HDB may from time to time, issue bonds (or notes) to finance its development programmes and working capital requirements as well as to refinance the existing borrowings.
6 HDB was set up as a statutory board on 1 February 1960. HDB houses more than 80% of Singapore's resident population and enables more than nine out of ten of them to be homeowners. This has made Singapore one of the highest home ownership nations in the world. The provision of quality housing and related services, and the renewal of the older HDB estates, will remain the focus for HDB.
NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR TO U.S. PERSONS
This announcement is not an offer for sale of securities in the United States. The Notes have not been and will not be registered under the U.S. Securities Act of 1933 (as amended), and may not be offered or sold in the United States or to U.S. persons absent registration under, or an applicable exemption from, the registration requirements of the U.S. securities laws. No public offering of securities is being made in the United States or in any other jurisdiction where such an offering is restricted or prohibited.
- wong chee tat :)
Saturday, July 27, 2013
People urged to monitor social media for any posts by Alvin Tan and Vivian Lee
People urged to monitor social media for any posts by Alvin Tan and Vivian Lee
27 Jul 2013 08:23pm
KUALA TERENGGANU, July 27 — Communication and Multimedia Deputy Minister Datuk Jailani Johari has urged members of the public to monitor controversial couple Alvin Tan and Vivian Lee’s blog for any possible seditious posts.
“I urge the public to help monitor the couple’s blog and social networking sites and report the same to the authorities,” he told reporters here today.
Commenting on their conditional release on bail yesterday, Jailani said stern action would be taken against the bloggers if they breached the court’s conditions.
Yesterday, High Court judge Datuk Mohd Azman Husin released them on RM30,000 bail in one surety each, with four conditions.
The conditions are, their passports are compounded, they must report to the nearest police station once a month, are prohibited from posting obscene photographs, provocative comments or articles which touch on religious and racial sensitivities, and prohibited from using network communication devices for the same purpose.
Tan or Tan Jye Yee, 25, and Vivian Lee May Ling, 24, were jointly charged with posting a seditious photograph on their Facebook page, ‘Alvin and Vivian – Alvivi’ at https://www.facebook.com/alvivi.swingers, with the caption, “Selamat Berbuka Puasa (dengan Bak Kut Teh…wangi, enak, menyelerakan !!!” (Happy Breaking Fast with Bak Kut Teh…fragrant, delicious and appetising!!!) and a halal logo.
Meanwhile, on a separate development he said that the Ministry planned to expand the ‘Klik dengan bijak’ programme nationwide, through the Malaysian Communication and Multimedia Commission.
He said the move was to create awareness among the people on the importance of correct internet usage.
“Clicking the wrong thing can land you in trouble as we can see from numerous cases involving blogs, face book and so on,” he added. – BERNAMA
- wong chee tat :)
27 Jul 2013 08:23pm
KUALA TERENGGANU, July 27 — Communication and Multimedia Deputy Minister Datuk Jailani Johari has urged members of the public to monitor controversial couple Alvin Tan and Vivian Lee’s blog for any possible seditious posts.
“I urge the public to help monitor the couple’s blog and social networking sites and report the same to the authorities,” he told reporters here today.
Commenting on their conditional release on bail yesterday, Jailani said stern action would be taken against the bloggers if they breached the court’s conditions.
Yesterday, High Court judge Datuk Mohd Azman Husin released them on RM30,000 bail in one surety each, with four conditions.
The conditions are, their passports are compounded, they must report to the nearest police station once a month, are prohibited from posting obscene photographs, provocative comments or articles which touch on religious and racial sensitivities, and prohibited from using network communication devices for the same purpose.
Tan or Tan Jye Yee, 25, and Vivian Lee May Ling, 24, were jointly charged with posting a seditious photograph on their Facebook page, ‘Alvin and Vivian – Alvivi’ at https://www.facebook.com/alvivi.swingers, with the caption, “Selamat Berbuka Puasa (dengan Bak Kut Teh…wangi, enak, menyelerakan !!!” (Happy Breaking Fast with Bak Kut Teh…fragrant, delicious and appetising!!!) and a halal logo.
Meanwhile, on a separate development he said that the Ministry planned to expand the ‘Klik dengan bijak’ programme nationwide, through the Malaysian Communication and Multimedia Commission.
He said the move was to create awareness among the people on the importance of correct internet usage.
“Clicking the wrong thing can land you in trouble as we can see from numerous cases involving blogs, face book and so on,” he added. – BERNAMA
- wong chee tat :)
Sunday, May 12, 2013
Medium Term Note
Medium Term Note:
1. Notes range in maturity from one to 10 years. By knowing that a note is medium term, investors have an idea of what its maturity will be when they compare its price to that of other fixed-income securities. All else being equal, the coupon rate on medium-term notes will be higher than those achieved on short-term notes.
2. This type of debt program is used by a company so it can have constant cash flows coming in from its debt issuance; it allows a company to tailor its debt issuance to meet its financing needs. Medium-term notes allow a company to register with the SEC only once, instead of every time for differing maturities.
Source: Investopedia
- wong chee tat :)
1. Notes range in maturity from one to 10 years. By knowing that a note is medium term, investors have an idea of what its maturity will be when they compare its price to that of other fixed-income securities. All else being equal, the coupon rate on medium-term notes will be higher than those achieved on short-term notes.
2. This type of debt program is used by a company so it can have constant cash flows coming in from its debt issuance; it allows a company to tailor its debt issuance to meet its financing needs. Medium-term notes allow a company to register with the SEC only once, instead of every time for differing maturities.
Source: Investopedia
- wong chee tat :)
Thursday, May 9, 2013
Oxley's MTN 17 times oversubscribed
Oxley's MTN 17 times oversubscribed
By
Ven Sreenivasan
OXLEY Holdings' bond issue has been oversubscribed some 17 times by investors rushing to load up on the debt of the fast-growing property company with a huge order book backlog - PHOTO: OXLEY HOLDINGS
OXLEY Holdings' bond issue has been oversubscribed some 17 times by investors rushing to load up on the debt of the fast-growing property company with a huge order book backlog.
BT has learnt from arranger UOB bank that the $100-million launch received book order to the value of some $1.7 billion. "We had to upsize the offer to $150 million to cater for the huge demand," said James Khoo, the bank's executive director for debt/capital markets.
The issue is part of a $300-million MTN programme the company announced on Tuesday.
Mr Khoo said that the yield for the four-year note was reduced to 5.1 per cent, from 5.25 per cent.
- wong chee tat :)
By
Ven Sreenivasan
OXLEY Holdings' bond issue has been oversubscribed some 17 times by investors rushing to load up on the debt of the fast-growing property company with a huge order book backlog - PHOTO: OXLEY HOLDINGS
OXLEY Holdings' bond issue has been oversubscribed some 17 times by investors rushing to load up on the debt of the fast-growing property company with a huge order book backlog.
BT has learnt from arranger UOB bank that the $100-million launch received book order to the value of some $1.7 billion. "We had to upsize the offer to $150 million to cater for the huge demand," said James Khoo, the bank's executive director for debt/capital markets.
The issue is part of a $300-million MTN programme the company announced on Tuesday.
Mr Khoo said that the yield for the four-year note was reduced to 5.1 per cent, from 5.25 per cent.
- wong chee tat :)
Monday, January 19, 2009
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