(a) A bond has a par value of S$1,000 and a coupon rate of 3.75% payable semi-annually. Calculate the S$ amount of the semi-annual coupon payment. (b) Briefly appraise why an inverted yield curve may signal a recession in the economy.

(c) You are asked to review the four (4) following bond issues. (1) Toyota Motor Credit US$500 million bond issued in the US. (2) Singtel US$750 million note issued in Singapore. (3) Genting MYR (Malaysian Ringgits) 460 million registered in Kuala Lumpur. (4) China Ministry of Finances issue in Chinese Yuan issued on the Hong Kong market.

Categorise each of them within one of the three following categories: (i) domestic bond, (ii) foreign bond or (iii) Eurobond. Make sure to justify your choice every time.