The US Treasury's 10-year auction hit a high yield of 4.834% on Wednesday, up from the 4.683% high in the previous auction.
The bid to cover ratio for the auction was 2.71, above the 2.53 ratio in the previous auction.
Dealers represented 52.51% of the bids, with direct bidders at 13.25% and indirect bidders at 34.24%.
For takedown, dealers took 4.31%, with direct bidders at 16.51% and indirect bidders at 79.18%.
Mapletree Logistics Trust (SGX:M44U) priced its inaugural offshore bond issue of 500 million yuan, marking its debut in the market.The three-year bond carries a 2.1% annual coupon, according to a Tuesday filing.Net proceeds will be used for general corporate purposes, including refinancing existing borrowings.
Marui Group (TYO:8252) filed for the listing of 50 billion yen zero coupon convertible bonds due 2031 on the Singapore bourse, according to a filing with the Singapore Exchange on Wednesday.The bonds will be listed and quoted on the Bonds Market on Sept. 10, the filing said.
Malayan Banking (KLSE:MAYBANK) has raised around $700 million through a two-part sale of US dollar bonds, Reuters reported on Tuesday, quoting an updated term sheet.The Malaysian lender's offering includes $300 million of three-year floating-rate notes priced at 60 basis points above the Secured Overnight Financing Rate (SOFR). It also offered $400 million of five-year fixed-rate notes, priced at 55 basis points above the yield on the five-year US Treasury note, at a coupon of 5.088%, the report said.The three-year notes are scheduled to mature around Sept. 15, 2029, while the five-year notes will reach maturity around Sept. 15, 2031, according to the report.Malayan Banking did not immediately respond to' request for a comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)