The US Treasury's 2-year FRN auction hit a high discount margin of 0.055% on Wednesday, higher than the 0.050% high in the previous auction.
The bid to cover ratio for the auction was 3.14, below the 3.37 ratio in the previous auction.
Dealers represented 72.36% of the bids, with direct bidders at 1.37% and indirect bidders at 26.27%.
For takedown, dealers took 33.08%, with direct bidders at 0.36% and indirect bidders at 66.56%.
Oversea-Chinese Banking Corp. or OCBC (SGX:O39), filed for the listing of 1 billion pounds floating rate covered bonds due 2029 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 Aug. 20, the filing said.
DBS (SGX:D05) unit, DBS Bank, filed for the listing of EUR2 billion 3.239% covered 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 Aug. 27, the filing said.
CGN Power (SHE:003816, HKG:1816) issued a total of 2 billion yuan of five-year medium-term bonds in two tranches with an interest rate of 1.7%, according to a Wednesday filing with the Shenzhen Stock Exchange.The bonds are set to mature Aug. 25, 2031. The issuances represent the fifth and sixth tranches of the company's 2026 medium-term bond program.Bank of China serves as the bookkeeping manager and lead underwriter for the fifth tranche, while Industrial and Commercial Bank of China acted as lead underwriter.China Merchants Bank is the bookkeeping manager and lead underwriter of the sixth tranche, while Ping An Bank is also a lead underwriter.The company's shares jumped 6% in Hong Kong and 4% in Shenzhen during morning trading on Wednesday.