tag:blogger.com,1999:blog-37872616.post4704402576652822235..comments2024-03-28T18:20:20.744+08:00Comments on BULLy the BEAR: Frasers Centrepoint Limited 3.65% pa, 7 yrs bondsla papillionhttp://www.blogger.com/profile/01372278083694506953noreply@blogger.comBlogger22125tag:blogger.com,1999:blog-37872616.post-27357788626131126782015-07-27T16:46:54.316+08:002015-07-27T16:46:54.316+08:00Hi K,
That's the assumption I can't affo...Hi K, <br /><br />That's the assumption I can't afford to rely on. Ultimately the investment in the bond is meant to safeguard capital. It's for my parents retirement funds. If i don't feel safe regarding the solvency of the business and the company, I think I should skip it. <br /><br />U can look at osim too. It pays even higher if memory serves me well. la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-42935644725145233482015-07-27T16:19:31.398+08:002015-07-27T16:19:31.398+08:00Hi LP,
Why would you not consider the Genting5.12...Hi LP,<br /><br />Why would you not consider the Genting5.125% bond? Based on my calculations at a price of $1.056, you will still get 4.85%. (I am assuming Genting will not go bust).<br /><br />Thanks.Khttps://www.blogger.com/profile/01096331252046081022noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-75160188464410538432015-05-21T17:28:17.339+08:002015-05-21T17:28:17.339+08:00if it gets called in May 19 it will be good for us...if it gets called in May 19 it will be good for us, the YTM will be about 4.08%Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-37872616.post-46019149485849407032015-05-20T11:08:56.028+08:002015-05-20T11:08:56.028+08:00When comparing , choose apples to apples.
SGS &am...When comparing , choose apples to apples.<br /><br />SGS & Deposits are not comparable.<br />Corporate Bond, yes. but not many around of 7 year tenor and similar "rating" as FCL.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-37872616.post-33317348409559638892015-05-19T20:20:45.765+08:002015-05-19T20:20:45.765+08:00Hi,
Pls leave a nickname so that I can reply prop...Hi,<br /><br />Pls leave a nickname so that I can reply properly? <br /><br />How do u go about selling shares? It's the same process. Go to any brokerage platform linked to your cdp acct and sell it. <br /><br />What are the charges when seeking shares? It's the same. la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-15533931668799324192015-05-19T19:05:28.057+08:002015-05-19T19:05:28.057+08:00I think this question has not been answered. May I...I think this question has not been answered. May I know how do I go about selling a bond? Do I sell it through my CDP account or through other platforms. Also, what are the charges like when selling the bond? Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-37872616.post-87223153150594297312015-05-15T18:28:49.834+08:002015-05-15T18:28:49.834+08:00Hi Siufai,
Yea, I think you call it a callable bo...Hi Siufai,<br /><br />Yea, I think you call it a callable bond. <br /><br />I don't get your second question. What do you mean by the 'it' in 'wouldn't it be disadvantages to the bond holders'? Are you referring to the callable feature? If so, I don't see what's so bad about recalling it earlier, since you'll get a better returns % pa.<br /><br />See my post here: http://bullythebear.blogspot.sg/2015/05/fraser-centrepoint-limited-365-pa-bond_15.html#.VVXKVPmqpBcla papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-86640642476952943262015-05-15T17:03:37.732+08:002015-05-15T17:03:37.732+08:00Pg 47 of the prospectus stated that the issuer may...Pg 47 of the prospectus stated that the issuer may redeem on 2 dates every year starting from 2019..that means it is a recallable bond, is it? If by than interest rate goes up, bonds come down, wouldn't it be disadvantages to the bond holders?Anonymoushttps://www.blogger.com/profile/07073585632062244629noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-28286566960987281052015-05-14T15:53:55.041+08:002015-05-14T15:53:55.041+08:00Thanks for the reply.
I can always buy the bonds ...Thanks for the reply. <br />I can always buy the bonds when the promotional FD rates are no longer available.<br />Since the FD period is 6-12 months, even if I break it, the penalty is not too much.Khttps://www.blogger.com/profile/01096331252046081022noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-2792035728556901232015-05-14T15:21:53.394+08:002015-05-14T15:21:53.394+08:00Hi K,
It is better if you do it the way you descr...Hi K,<br /><br />It is better if you do it the way you described. But that is provided you don't take out the money from the fixed D, because you will suffer a penalty. There's no such penalty for sg bonds. <br /><br />Another thing is regarding the promotional fixed D. There might not be such promotions anymore in the future. Who knows?<br /><br />I don't think sg bonds is such a big deal, seriously. But its presence makes other competing instrument better, so maybe there's the true purpose of the sg bonds. la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-45059510970253307352015-05-14T15:03:15.000+08:002015-05-14T15:03:15.000+08:00Hi,
I was looking at the comments about the SG bo...Hi,<br /><br />I was looking at the comments about the SG bonds (10 years 2.29%) on different websites. Wouldn't it be better if you placed $50k in promotional FD rates from the banks every 6-12 months (eg 1.5% for 6 months) repeatedly?<br />I am assuming interest rates will go up and you would redeem the bond after 2 years to place it at a higher interest rate bond. In this case, you will get approx 1% (2 years SGS bonds only give 1% interest).<br /><br />Am I missing something here?Khttps://www.blogger.com/profile/01096331252046081022noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-9484134115757556462015-05-14T13:47:25.185+08:002015-05-14T13:47:25.185+08:00Sorry for the late reply, I just managed to downlo...Sorry for the late reply, I just managed to download a copy of the prospectus earlier today.<br /><br />In short, you can't buy using CPF or SRS for this bond "IPO". However, for those using SRS, you cannot apply for this initial offer BUT you can use SRS funds to purchase the bonds from the market when it's listed on SGX.la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-11228219061767770722015-05-13T19:29:48.885+08:002015-05-13T19:29:48.885+08:00Can use SRS or CPF?Can use SRS or CPF?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-37872616.post-15677204773849900352015-05-13T18:30:54.019+08:002015-05-13T18:30:54.019+08:00Hi Felix,
Lose $ in terms of better opportunity o...Hi Felix,<br /><br />Lose $ in terms of better opportunity out there, or lose money when the interest rates increase and the price of the bond drops and they want to cash out at that precise moment lah.<br /><br />I guess there are pple out there who don't know how the bond works, or they didn't considerate their investment timeframe.<br /><br />la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-63126827654512673022015-05-13T18:19:09.854+08:002015-05-13T18:19:09.854+08:00why lose $$?
can hold 7 years to maturity what?
...why lose $$?<br />can hold 7 years to maturity what? <br /><br />LOL^_^https://www.blogger.com/profile/18369072100189617179noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-12758796178648659512015-05-13T16:06:28.384+08:002015-05-13T16:06:28.384+08:00Hi SMOL,
Haha, indeed! There are already two camp...Hi SMOL,<br /><br />Haha, indeed! There are already two camps forming, with supporters on each side talking up and talking down the same bonds :)<br /><br />Doesn't matter, I already know what I need to do :)la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-84875678409551375712015-05-13T14:33:38.151+08:002015-05-13T14:33:38.151+08:00Sell early likely will lose money as bond price go...Sell early likely will lose money as bond price go down when interest rate go up (which is most likely over the next 7 years).<br />If just want to collect interest until 7th year redemption, then don't have above problem.<br />Hence, if want to go in, then go in to hold for 7 years. Else by the SG bond instead.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-37872616.post-44349451852907126992015-05-13T14:17:18.474+08:002015-05-13T14:17:18.474+08:00It will be traded in SGX.It will be traded in SGX.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-37872616.post-80778578821751881442015-05-13T12:53:51.821+08:002015-05-13T12:53:51.821+08:00If we wish to sell the bond before the 7th year, h...If we wish to sell the bond before the 7th year, how do we do it ?Betta manhttps://www.blogger.com/profile/02597553932202096004noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-16429995725357479072015-05-13T11:55:29.139+08:002015-05-13T11:55:29.139+08:00Interest payment dates are on 22nd May and 22nd No...Interest payment dates are on 22nd May and 22nd Nov each year, from today's Straits Times.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-37872616.post-75283617384008966852015-05-13T10:46:12.495+08:002015-05-13T10:46:12.495+08:00Was looking for payout dates but can't find.
...Was looking for payout dates but can't find.<br /><br />CMT is twice yearly.imdnahttps://www.blogger.com/profile/11070771580908788413noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-53653944227029845212015-05-13T10:33:27.627+08:002015-05-13T10:33:27.627+08:00LP,
It's always good to do price comparison w...LP,<br /><br />It's always good to do price comparison with at least 3 shops before deciding ;)<br /><br />1st shop: SG Bonds. Wow! So good! Minimum $500.<br /><br />2nd shop: Bank fixed deposits. Even better with 1.4% for 1 year! Oh! Need minimum $20,000...<br /><br />3rd shop: Corporate bond with 3.75% for 7 years!!! Minimum $2000.<br /><br />Hmm. Will I get better rates if I continue shopping and searching for myself? Lot's of leg work...<br /><br />Or maybe I just ask someone which is better for me? Let others decide for me?<br /><br />;)<br /><br />Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.com