The Asia primary debt market sat on the sides with the US elections underway. For most parts of this week, only 2 Chinese issuers tapped the markets in Asia. The exception is Friday as 3 Chinese HY real estate developers announced new deals in the market this morning.
New issue pipeline remains dry with 1 new mandate outstanding from the ones announced over the fortnight.
Fri, 13 Nov: GOLDEN AGRI-RESOURCES update – Bef Mkt, US: PPI Final Demand MoM (9:30PM)
Last week summary
The Asia primary debt market sat on the sides with the US elections underway. For most
parts of this week, only 2 Chinese issuers tapped the markets in Asia. The exception is Friday as 3 Chinese HY real estate developers announced new deals in the market this morning. Jiayuan International is the most active of the 3 issuers who have announced new issues this morning, having already priced 5 deals so far this year.
Frasers Centrepoint Trust’s gross revenue was down 33.8 per cent to S$64.5 million for the period April 1 to Sept 30, from S$97.4 million in the year-ago period. This was mainly due to rental rebates provided to tenants amid the Covid-19 pandemic. These amounted to about S$27.4 million, FCT’s manager said on Tuesday.
CapitaLand saw “encouraging signs of recovery” in operating metrics for Q3, however expects financial performance for FY2020 to be materially adversely impacted, the group said on Tuesday evening.
StarHub Q3 2020 performance continued to see impact from the ongoing global restrictions on travel, particularly for our mobile business. Overall revenue fell by 14.5 per cent to S$489.7 million. Net profit came in lower by 23.3 per cent year on year to S$44.5 million for the three months to Sept 30.
New issue pipeline remains dry with 1 new mandate outstanding from the ones announced over the fortnight.
