Highlight of Recent Issuence

Mineral Resources

Fixed Rate Bond

9.25% p.a.

Issuer Rating
BB/- (Fitch/Moody's)
Issue Date
03-Oct-2023
Coupon Frequency
Semi-Annually
Call Date
01-Oct-2025
Seniority
Senior Unsecured
Maturity Date
01-Oct-2028

HSBC

Fixed to Floating Rate Bond

SOFR+1.57% p.a.

Issuer Rating
A+/- (Fitch/Moody's)
Issue Date
14-Aug-2023
Coupon Frequency
Quarterly
Call Date
14-Aug-2026
Seniority
Senior Unsecured
Maturity Date
14-Aug-2027

BNP Paribas

Fixed: Resettable Bond

8.50% p.a.

Issuer Rating
A+/Aa3 (Fitch/Moody's)
Issue Date
14-Aug-2023
Coupon Frequency
Semi-Annually
Call Date
14-Aug-2028
Seniority
Junior Unsecured
Maturity Date
Perpetual

Standard Chartered

Floating Rate Bond

SOFR+1.93% p.a.

Issuer Rating
A/- (Fitch/Moody's)
Issue Date
06-Jul-2023
Coupon Frequency
Quarterly
Call Date
06-Jul-2026
Seniority
Senior Unsecured
Maturity Date
06-Jul-2027

Mineral Resources

Fixed Rate Bond

9.25% p.a.

Issuer Rating
BB/- (Fitch/Moody's)
Issue Date
03-Oct-2023
Coupon Frequency
Semi-Annually
Call Date
01-Oct-2025
Seniority
Senior Unsecured
Maturity Date
01-Oct-2028

HSBC

Fixed to Floating Rate Bond

SOFR+1.57% p.a.

Issuer Rating
A+/- (Fitch/Moody's)
Issue Date
14-Aug-2023
Coupon Frequency
Quarterly
Call Date
14-Aug-2026
Seniority
Senior Unsecured
Maturity Date
14-Aug-2027

BNP Paribas

Fixed: Resettable Bond

8.50% p.a.

Issuer Rating
A+/Aa3 (Fitch/Moody's)
Issue Date
14-Aug-2023
Coupon Frequency
Semi-Annually
Call Date
14-Aug-2028
Seniority
Junior Unsecured
Maturity Date
Perpetual

Standard Chartered

Floating Rate Bond

SOFR+1.93% p.a.

Issuer Rating
A/- (Fitch/Moody's)
Issue Date
06-Jul-2023
Coupon Frequency
Quarterly
Call Date
06-Jul-2026
Seniority
Senior Unsecured
Maturity Date
06-Jul-2027

Barclays

Fixed to Floating Rate Bond

7.119% p.a.

Issuer Rating
A/Baa1 (Fitch/Moody's)
Issue Date
27-Jun-2023
Coupon Frequency
Semi-Annually
Call Date
27-Jun-2033
Seniority
Subordinatd Unsecured
Maturity Date
27-Jun-2034

Société Générale

Fixed Rate Bond

7.367% p.a.

Issuer Rating
A-/A1 (Fitch/Moody's)
Issue Date
10-Jun-2023
Coupon Frequency
Semi-Annually
Call Date
-
Seniority
Subordinated Unsecured
Maturity Date
10-Jun-2053

UBS

Fixed to Floating Rate Bond

9.016% p.a.

Issuer Rating
A/- (Fitch/Moody's)
Issue Date
14-Nov-2022
Coupon Frequency
Semi-Annually
Call Date
15-Nov-2032
Seniority
Senior Unsecured
Maturity Date
15-Nov-2033

UBS

Floating Rate Bond

SOFR+1.58% p.a.

Issuer Rating
A/- (Fitch/Moody's)
Issue Date
12-May-2022
Coupon Frequency
Quarterly
Call Date
12-May-2025
Seniority
Senior Unsecured
Maturity Date
12-May-2026

Barclays

Fixed to Floating Rate Bond

7.119% p.a.

Issuer Rating
A/Baa1 (Fitch/Moody's)
Issue Date
27-Jun-2023
Coupon Frequency
Semi-Annually
Call Date
27-Jun-2033
Seniority
Subordinatd Unsecured
Maturity Date
27-Jun-2034

Société Générale

Fixed Rate Bond

7.367% p.a.

Issuer Rating
A-/A1 (Fitch/Moody's)
Issue Date
10-Jun-2023
Coupon Frequency
Semi-Annually
Call Date
-
Seniority
Subordinated Unsecured
Maturity Date
10-Jun-2053

UBS

Fixed to Floating Rate Bond

9.016% p.a.

Issuer Rating
A/- (Fitch/Moody's)
Issue Date
14-Nov-2022
Coupon Frequency
Semi-Annually
Call Date
15-Nov-2032
Seniority
Senior Unsecured
Maturity Date
15-Nov-2033

UBS

Floating Rate Bond

SOFR+1.58% p.a.

Issuer Rating
A/- (Fitch/Moody's)
Issue Date
12-May-2022
Coupon Frequency
Quarterly
Call Date
12-May-2025
Seniority
Senior Unsecured
Maturity Date
12-May-2026

How to participate in newly issued bond investment?

Applying for new bond issuance is one of the important ways for bond market investors to buy high-quality bonds at a low price to obtain capital gains. Due to the asymmetry of financial market information, most investors know little about the issuance process of new bonds, so they can only access the secondary bond market with higher premiums, and miss many precious investment possibilities.

To participate in the issuance of bonds in the primary market, even institutional investors must make a decision and submit the subscription amount within a few hours of “book building”. Once missed, they can only purchase in the secondary market and pay an additional premium. Due to the blocked information channel, individual investors often only learn information about new bonds after the new bond issuance.

Therefore, Candour’s Wechat Official Account will provide the indicative quotation and tentative issuance date of the new debt to you after the “Roadshow” and decision of issuing the new debt before the “bookkeeping” to break the information asymmetry and let you prepare in advance to purchase your wanted bonds.