Outlook for the week

Key economic releases for the week

• Mon, 1 Feb: CH: Caixin China PMI Mfg (9:45AM), US: Markit US Manufacturing PMI (10:45PM)
• Tue, 2 Feb: Earnings: ASCENDAS REIT – Aft Mkt, SG: Purchasing Managers Index (9:00PM)
• Thu, 4 Feb: Update: SINGAPORE AIRLINES – Aft Mkt (Business Update)
• Fri, 5 Feb: SG: Retail Sales YoY (1:00PM)

Last Week Summary

In Asia, a multi-year trend continues into 2021 with record setting pace. The Asia G3 bond

market steamrolled through this week’s market volatility to set a new highest issuance volume month on record. January 2021 issuance volume hits USD 68.6bn, surpassing the previous record month(Sept 2020) by USD 14.85bn.

• Global food and agri-business Olam International announced on Wednesday night that it has priced a S$100 million reopening of its 4 per cent fixed rate senior unsecured notes due Feb 24, 2026 via a private placement exercise.
• New issue pipeline remains strong with 6 new mandate outstanding from the ones announced over the fortnight.