Bond Articles


Singapore’s First Infrastructure Bond Expected in October

The first Significant Infrastructure Government Loan Act (SINGA) bond will be issued soon for Singapore's development expenditure spending.

Phillip Bonds  |   16 Sep 2021  | 126 

Starhill Global REIT: Stable Investment Grade Bonds

Starhill Global REIT is positioned for retail recovery as Singapore reopens, with a long WALE of 5 years and high occupancy of 99%.

Phillip Bonds  |   03 Sep 2021  | 331 

What is a Commercial Paper: Fixed Income

Commercial papers are short-term debt instruments that typically pay higher yields than government bonds. Here's what makes them attractive.

Phillip Bonds  |   10 Aug 2021  | 367 

SPH Privatisation Unexciting for Bond Holders

While shareholders stand to benefit from a higher offer price, SPH perpetual bond holders may lose out as SPH redeem the bonds at par.

Timothy Ang  |   02 Aug 2021  | 402 

Vertex Ventures Holdings Ltd: Temasek-linked Venture Capital

Vertex Holdings Ltd is a venture capital holding company wholly-owned by Temasek, focused on investing in disruptive technologies.

Phillip Bonds  |   28 Jul 2021  | 585 

ESR Cayman: Logistic Real Estate Leader (Bonds)

ESR Cayman is a logistic real estate leader benefitting from powerful growth trends in ecommerce and years of under-investment into APAC.

Timothy Ang  |   22 Jul 2021  | 560 

Market outperformer: AIMS APAC REIT (bonds)

AIMS APAC REIT is riding secular demand for logistics and warehousing facilities from e-commerce.

Timothy Ang  |   12 Jul 2021  | 619 

Ascott Residence Trust’s bonds safe for travel recovery

With exposure to key markets, Ascott Residence Trust’s recovery is strengthened by domestic and international travel. Bonds yield above 3%.

Timothy Ang  |   02 Jul 2021  | 536 

Keppel Infrastructure Trust: Pandemic-Proof

Keppel Infrastructure Trust (KIT) is the largest infrastructure-focused Singapore business trust with AUM of S$5.1bn.

Timothy Ang  |   01 Jun 2021  | 319 

Mapletree North Asia Commercial Trust: Diversification Goals

Listed on the SGX on 7 March 2013, Mapletree North Asia Commercial Trust owns a portfolio of 12 primarily commercial properties.

Timothy Ang  |   31 May 2021  | 166 

Lendlease Global Commercial REIT: As Stable As They Come

Lendlease Global Commercial REIT owns a S$1.4bn portfolio of retail and office assets comprising 313@Somerset, Sky Complex and Jem.

Timothy Ang  |   27 May 2021  | 191 

OUE Commercial REIT: Prime Offices and Hotels

OUE Commercial REIT is one of Singapore's largest diversified REITs with a portfolio of prime office, retail and hotel properties.

Timothy Ang  |   25 May 2021  | 143 

ESR Cayman: Largest APAC Logistics Platform

ESR Cayman Limited is the largest Asia Pacific-focused logistics real estate platform by gross floor area and development pipeline.

Timothy Ang  |   24 May 2021  | 148 

Singapore Press Holdings: Proposed Media Restructuring

Singapore Press Holdings Limited announced a proposed restructuring of its media assets and operations on 6 May 2021. Here are the highlights

Timothy Ang  |   10 May 2021  | 232 

Changi Airport Group (Singapore) Pte Ltd: Credit Commentary

Changi Airport Group (Singapore) Private Limited (CAG) is the owner and operator of Changi Airport and Seletar Airport in Singapore.

Timothy Ang  |   05 May 2021  | 355 

Mapletree Industrial Trust: Credit Commentary

Mapletree Industrial Trust is a REIT listed on the main-board of the SGX. It owns a portfolio of industrial and data centre assets.

Timothy Ang  |   04 May 2021  | 246 

Singapore Infrastructure Bonds: Q&A

In light of the new infrastructure bonds announced by the Singapore government in the 2021 Budget, here are some Q&A put to us on the topic.

Timothy Ang  |   30 Mar 2021  | 849 

Keppel REIT Credit Snapshot: Owner of Singapore’s CBD Jewels

Keppel REIT is the owner of Singapore's CBD crown jewels: Ocean Financial Centre, Marina Bay Financial Centre, and One Raffles Quay.

Timothy Ang  |   22 Mar 2021  | 528 

Astrea VI: Back with Popular Demand

Astrea VI bonds are the latest bonds issued under the Astrea bond series. The bonds are secured by cash flows from private-equity funds.

Timothy Ang  |   10 Mar 2021  | 926 

Phillip Capital – Astrea Investor Day 2021 Highlights

We attended Azalea’s Astrea Investor Day 2021 on 28 January 2021. Azalea gave an update on the bonds’ portfolio performances. Here are the highlights.

Timothy Ang  |   19 Feb 2021  | 492 


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