Bondsupermart

📌 Idea of the Week AI-Themed Bonds on Bondsupermart Live – Capturing up to 8% Yields Amidst the AI Wave Currently, on the real-time bond platform Bondsupermart Live, there are five AI-related USD bonds with their yields to maturity generally range from 5% to 8%. 🌟 Highlights 🌟 🔹 HP Inc. - HPQ 5.500% 15Jan2033 Corp (USD) / YTM : 5.05% 🔹 Block, Inc. - XYZ 6.500% 15May2032 Corp (USD) / YTM : 5.59% 🔹 Intel - INTC 5.6250% 10Feb2043 Corp (USD) / YTM : 5.92% 🔹 Oracle - ORCL 5.875% 26Sep2045 Corp (USD) / YTM : 6.94% 🔹 CoreWeave - CRWV 9.250% 01Jun2030 Corp (USD) / YTM : 8.56%

📌 Idea of the Week China tightens cross-border investing: Equity noise but limited credit impact 🌟 Highlights 🌟 🔹 China tightened scrutiny of illegal cross-border securities trading and offshore account controls for Mainland investors. 🔹 Existing accounts and assets appear unaffected, with impact focused on new client acquisition and inflows. 🔹 HK financial stocks sold off, but bond weakness was mainly from higher UST yields. 🔹 StanChart and HSBC may potentially see slower wealth NNM, but credit profiles remain solid. 🔹 FWD’s risk is indirect, through potential slower Hong Kong insurance sales rather than immediate profitability pressure.

📌 New HKD Bonds Issuance Issuer: Mizuho Securities Co., Ltd. Currency: HKD Tenure | Initial Price Guidance: 2-Year | 3.63% Ranking: Senior Unsecured First Issuance Date: 22 June 2026 Min. / Incremental Size: HKD 1,000,000 / 1,000,000 Timing: Tap until 6PM HKT/SGT

📌 Idea of the Week Attractive 5+% to 7+% GBP & USD bonds offered by Rothesay (GIC owned) Rothesay Limited, the UK's largest specialist pensions insurer backed by GIC and MassMutual, offers an attractive entry point into investment-grade subordinated credit. The group has a durable, largely contracted earnings floor, with a conservatively positioned balance sheet and a well-staggered debt maturity profile. 🌟 Highlights 🌟 🔹 Durable earnings floor underpinned by the release of CSM and excess returns on long-duration assets 🔹 A high-quality investment portfolio anchors Rothesay’s asset base 🔹 Solid credit profile with decent coverage and strong capitalisation

📌 New USD Bonds Issuance Issuer: PT Danantara Investment Management Currency: USD Tenure | Initial Price Guidance: 5-Year | 5.70% area 10-Year | 6.30% area Ranking: Senior Unsecured Bond Rating: Baa2 (Moody’s) / BBB (S&P) / BBB (Fitch) First Issuance Date: 18 June 2026 Min. / Incremental Size: USD 200,000 / 1,000 Timing: Today’s business

📌 New HKD Bonds Issuance Issuer: Mizuho Securities Co., Ltd. Click here for Corporate website link Currency: HKD Tenure | Initial Price Guidance: 2-Year | 3.70% Ranking: Senior Unsecured First Issuance Date: 22 June 2026 Min. / Incremental Size: HKD 1,000,000 / 1,000,000 Timing: Tap until 6PM HKT/SGT

📌 New HKD Bonds Issuance Issuer: The Hong Kong Mortgage Corporation Limited Currency: HKD Tenure | Initial Price Guidance: 2-Year | HIBOR Mid-Swap + 30bps (Est. 3.675%) 5-Year | HIBOR Mid-Swap + 35bps (Est. 3.731%) Ranking: Senior Unsecured Bond Rating: Aa3 (Moody’s) / AA+ (S&P) First Issuance Date: 15 June 2026 Min. / Incremental Size: HKD 1,000,000 / 500,000 Timing: Today’s business

📌 New CNH Bonds Issuance Issuer: The Hong Kong Mortgage Corporation Limited Currency: CNH Tenure | Initial Price Guidance: 3-Year | 2.15% area Ranking: Senior Unsecured Bond Rating: Aa3 (Moody’s) / AA+ (S&P) First Issuance Date: 15 June 2026 Min. / Incremental Size: CNH 1,000,000 / 10,000 Timing: Today’s business

📌 Idea of the Week HK Government Bonds — 4 Years Fiscal Deficit Ends and Fitch Confirms “AA-” The Hong Kong SAR Government has finally turned its fiscal position from deficit to surplus after four consecutive years of deficits. Overall revenue rebounded YoY, effectively easing liquidity pressure. Fitch also confirmed on 12 May 2026 that Hong Kong’s issuer rating remains at “AA-”, with the outlook maintained as “Stable”. However, does this mean the depletion of fiscal reserves has ended? 🌟 Highlights 🌟 🔹 Hong Kong Government Achieves Fiscal Surplus Again After Four Years 🔹 FY2026/27 Outlook 🔹 Triple Support from Reserves, Debt and Exchange Fund — Hong Kong’s Public Finances Remain Resilient 🔹 Hong Kong Government Bond Investment and Risks

📌 Idea of the Week Bond Update: WBD proposes Consent Solicitation due to Paramount Offer: Details Broken Down for You WBD's purpose in this contract amendment is to weaken the mandatory swap transaction commitments made in June 2025, simplify the capital structure, and reduce future refinancing risks. 🌟 Highlights 🌟 🔹 Background information: WBD originally planned to convert existing bonds into new ones 🔹 The main amendments agreed upon the Consent Solicitation 🔹 Paramount's exchange offer in Consent Solicitation

📌 New AUD Bonds Issuance Issuer: Suncorp Bank (Norfina Limited) Currency: AUD Tenure | Initial Price Guidance: 5-Year | SQ ASW + 82bps (Est. 5.450%) Ranking: Senior Unsecured Bond Rating: Aa2 (Moody’s) / AA- (S&P) / AA- (Fitch) First Issuance Date: 17 June 2026 Min. / Incremental Size: AUD 10,000 / 10,000 Timing: Near future (subject to market conditions)

📌 New USD Bonds Issuance Issuer: Korea Hydro & Nuclear Power Co., Ltd. 🌟 Brief Description of Issuer 🌟 Korea Hydro & Nuclear Power Co., Ltd. is a South Korean state-owned utility and the country’s largest electric power company specializing in nuclear and hydroelectric power generation. Click here for Corporate website link Currency: USD Tenure | Initial Price Guidance: 5-Year | CT5+75bps area (Est. 5.040%) Ranking: Senior Unsecured Bond Rating: Aa2 (Moody’s) / AA- (Fitch) First Issuance Date: 16 June 2026 Min. / Incremental Size: USD 200,000 / 1,000 Timing: Today’s business (NY hours)

📌 New CNH Bonds Issuance Issuer: Tencent Holdings Limited Currency: CNH Tenure | Initial Price Guidance: 10-Year | 2.95% area 30-Year | 3.55% area Ranking: Senior Unsecured Bond Rating: A1 (Moody’s) / A+ (S&P) / A (Fitch) First Issuance Date: 16 June 2026 Min. / Incremental Size: CNH 1,000,000 / 10,000 Timing: Today’s business

📌 New USD Bond Issuance Issuer: Tencent Holdings Limited Currency: USD Tenure | Initial Price Guidance: 10-Year | T+80bp area (Est. 5.374%) 20-Year | T+90bp area (Est. 5.960%) Ranking: Senior Unsecured Bond Rating: A1 (Moody’s) / A+ (S&P) / A (Fitch) First Issuance Date: 16 June 2026 Min. / Incremental Size: USD 200,000 / 1,000 Timing: Today’s business

📌 Idea of the Week Here is another appealing 6% yield offering from Tropicana Tropicana Corporation Berhad is a premier Malaysian conglomerate and a pioneer of the "resort-style" living concept. Established in 1979 and subsequently listed on Bursa Malaysia in 1992, the group has successfully evolved from a niche developer of golf resorts into a major diversified real estate powerhouse. 🌟 Highlights 🌟 🔹 Earnings Remained in the Red, we believe the group’s operations remain healthy at present, supported by its ability to continue delivering organic growth from its core business operations. 🔹 Credit profile remains manageable with net gearing ratio edged up marginally to 58% 🔹 Earnings Visibility Underpinned by Robust Unbilled Sales and Sizeable Landbank

📌 Idea of the Week MoneyMax: A golden opportunity within SGD bonds MoneyMax Financial Services Ltd. (MoneyMax) is a Singapore-listed financial services group focused on pawnbroking, retail & trading of luxury products, and secured lending. 🌟 Highlights 🌟 🔹 MoneyMax delivered record FY25 earnings, with revenue up 39% and profit after tax up 83%. 🔹 Growth was driven mainly by retail & trading and pawnbroking, supported by higher gold prices. Pawnbroking remains a higher-quality earnings driver, supported by sizeable lending spreads and loan-book growth. 🔹 Despite MoneyMax’s balance-sheet intensive nature, its collateral-backed receivables, gold-linked inventory and stronger coverage support its credit profile. 🔹 Its 2028 bonds remain attractive, offering around 4.6% yields with improved credit fundamentals.

📌 Credit Update Credit Update: META offers 5+% to 6+% yields (USD) while it ramps up its AI monetisation Meta Platforms is the world's largest social media and digital advertising company, operating a Family of Apps that reached 3.56b daily active people in March 2026— roughly 43% of the global population uses a Meta app per day. 🌟 Highlights 🌟 🔹 Entrenched user franchise with resilient monetisation 🔹 AI-driven monetisation is structurally enhancing profitability 🔹 Off-balance-sheet exposure is the key credit watch point 🔹 Meta’s outstanding bonds provide attractive yield spread (70+ bps to 120+ bps)

📌 Idea of the Week New Issue: Keppel Limited launches new NC3 SGD Perpetuals at an IPG of 3.60% Keppel Limited, a global asset manager and operator, is issuing new SGD NC3 perpetual bonds as part of its financing and refinancing strategy. The group has been transforming into an asset-light that earns recurring fees by managing investments for other parties. 🌟 Highlights 🌟 🔹 New NC3 SGD perpetuals with IPG of 3.60%, reset every 3 years and 100bps step-up after year 3 🔹 Cash flow and deleveraging via asset monetisation 🔹 Improving credit profile with deleveraging trend, positive free cash flow, and interest coverage rising to ~4.3x

📌 New SGD Bond Issuance Issuer: Keppel Ltd. 🌟 Brief Description of Issuer 🌟 Keppel, as a global asset manager and operator headquartered in Singapore, Keppel operates in more than 20 countries worldwide. The company provides innovative solutions that address some of the world’s most pressing needs, including the energy transition, rapid urbanisation, and increasing digitalisation. Click here for Corporate website link Currency: SGD Tenure | Initial Price Guidance: Perpetual Non-Callable 3-Years | 3.60% area First Callable Date: 11 June 2029 Ranking: Subordinated Use of Proceeds: Refinancing of existing debt and/or outstanding perpetual securities First Issuance Date: 11 June 2026 Min. / Incremental Size: SGD 250,000 / 250,000 Timing: Today’s business

📌 Idea of the week: New Bondsupermart Live: CoreWeave, Paramount Global and other bonds with yields up to 8%. Bondsupermart recently added 15 new bonds across corporate and government issuers. Most of the bonds are available in odd-lot denominations of US$1,000, with even US$100 minimum denomination available. 🌟 Highlights 🌟 🔹 New bonds span a wide yield range — from ~4% (government bonds) to over 8% (corporate bonds) 🔹 Investors can access these bonds with smaller denominations, making portfolio diversification easier and exposure in flexible increments. Read more