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Cyrus Ng, CFA, CAIA
Senior Research Analyst, Bond Research
Credit Update: Deutsche Bank sustains earnings momentum; credit profile remains sound
Deutsche Bank delivered another solid quarter in 2Q26, supported by strong Investment Bank revenues. We remain constructive on its credit profile given comfortable liquidity and capital buffers.
Cash now, cash later: Choosing the right cash-management solution
We identify suitable cash-management solutions based on when investors may need their money, from immediate liquidity to higher-return cash-plus strategies.
Standard Chartered 2Q26: Softer momentum but credit fundamentals remain sound
StanChart’s 2Q26 earnings softened sequentially but remained resilient, while strong liquidity, capital and stable asset quality continue to support its bonds.
Frasers Property Limited announces SGD 10-year seniors at an IPG of 3.75%
Frasers Property Limited (FPL) plans to issue new SGD 10-year seniors at an initial price guidance of 3.75%, for accredited and institutional investors only.
Barclays 2Q26: Building on steady operating momentum
Barclays delivered strong 2Q26 earnings, with resilient asset quality, ample liquidity and sufficient capital supporting a stable credit outlook.
Commonwealth Bank of Australia announces SGD 10NC5 Tier 2s at an IPG of 3.40%
Commonwealth Bank of Australia (CBA) plans to issue new SGD 10NC5 Tier 2s at an initial price guidance of 3.40%, for accredited and institutional investors only.
OCBC announces SGD NC5 perpetuals at an IPG of 3.50%
OCBC plans to issue new SGD NC5 perpetuals at an initial price guidance of 3.50%, for accredited and institutional investors only. Here is our take on this new issuance.
ESR-REIT 1H2026: Stable operations, but leverage remains elevated
Stable operations and lower financing costs supported ESR-REIT’s earnings, but high adjusted leverage and ongoing refinancing needs temper its outlook.
Seeking diversified bond returns with BlackRock Fixed Income Global Opportunities
BlackRock Fixed Income Global Opportunities (FIGO) combines moderate duration with diversified income sources, aiming for resilience across changing interest-rate and credit-market conditions.
Aspial Lifestyle: A hidden gem in the SGD bond market
Strong earnings, resilient pawnbroking and attractive carry support Aspial’s 2029 notes, with further upside from Malaysia and secured lending.
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