Outlook for the week
Key economic releases for the week
Last week summary
Chinese real estate issuers remain active in the Asia primary debt market space pricing 5 deals totalling USD 920mm this week with average book coverage for Chinese real estate high yield new issues at 8.5x. Investor demand for high yield risk was very strong in the primary market this week with deals getting 7.8x covered on average. Secondary trading performance for new issues this week was strong as well, with most bonds trading above re-offer on the break.
Timothy covers credit analysis of local and foreign bonds. Previously an equity dealer, he handled equity trade execution and portfolio management. He has presented seminars for organisations such as SIAS, SPH and IRAS, commentated live market updates for 93.8FM, and authored investment articles for the Business Times newspaper. He graduated with a Bachelor of Commerce in Accounting & Finance from the University of Western Australia.