*Official* Aspial 5.25% Retail Bond (SGX: BEYZ)

[dork32]

Saw this in the papers.

Any advice on this?

http://www.straitstimes.com/business/companies-markets/aspial-to-roll-out-5-year-525-retail-bonds

 

[Steyr69]

Dun give a damn....the 5.25 is a draw....im pressing.

Sent from Asus ME173X using GAGT

 

[NewInvestor]

Why press ATM for this?

Hmm. I think I will pass.

Stock prices are going lower. Banks will increase interest rate to corporate borrowers due to anticipated Fed rate hike. So the chances are that more corporates are going to turn to retail bonds to raise money.

Maybe a better one will come along.

 

[dork32]

Dun give a damn....the 5.25 is a draw....im pressing.

Sent from Asus ME173X using GAGT

what you mean? you buying some?

 

[xtwis7]

How much can interest rates increase? Unless you tell me retail banks offer savings of 3% p.a otherwise there's no way it's a direct comparison.

Ibank how to apply for bonds ah? Never press ATM before.

 

[dork32]

Ibank how to apply for bonds ah? Never press ATM before.

same as ipo for shares

 

[dork32]

How much can interest rates increase? Unless you tell me retail banks offer savings of 3% p.a otherwise there's no way it's a direct comparison.

not fair to compare the bond interest of a crab company vs a bank savings rate.

 

[winorlose]

Press press press! Their pipeline of properties in aussie is well received and sold out rate is high.. Within this 5years pray they wont tao bi. Hahaha

Im going take the bite..

 

[xtwis7]

not fair to compare the bond interest of a crab company vs a bank savings rate.

It's principal guaranteed anyway right.

 

[limster]

It's principal guaranteed anyway right.

So you're saying there's very little risk, people should just sell their crappy Temasek bonds and buy Aspial to get higher yield?

 

[xtwis7]

So you're saying there's very little risk, people should just sell their crappy Temasek bonds and buy Aspial to get higher yield?

See investors risk appetite. There's always the AAA SSB out next month.

 

[ValueInvestor]

Saw this in the papers.

Any advice on this?

http://www.straitstimes.com/business/companies-markets/aspial-to-roll-out-5-year-525-retail-bonds

I prefer FCL bonds over this hehehehe

 

[SCG8866T]

Have not read the prospectus. Aspial otc bonds all range ard the 5% region, most are trading slightly above par. Although hugh debt and really bad recent result, if its a senior vanilla 5.25% direct 5 years bond listed on the retail exchange, i will be interested.

 

[xtwis7]

This can also mean another thing, signalling that institutions might not be doing well hence the need by companies to lower the tranche amount to attract retail investors.

Don't know whether it's good or bad but just like any investment, do your due diligence first.

 

[dork32]

It's principal guaranteed anyway right.

all bonds are principal guaranteed by the company. but aspial is quite a crabby company compared to frasers. aspial owns the shops that sells jewellery. frasers own the mall that houses the shops.

their bond interest has to be higher or investors wont bite.

 

[SCG8866T]

They have a greenshoe option to increase issue size to 150mil.

 

[ValueInvestor]

aspial the company itself got credit rating mah?

 

[winorlose]

aspial the company itself got credit rating mah?

i think physical rating... can go down their shop and raid their jewelleries if all else fails

 

[SCG8866T]

DBS RM got placement. Price at 1.004.

 

[ValueInvestor]

i think physical rating... can go down their shop and raid their jewelleries if all else fails

The bonds secured?

I think its unsecured one, thats why yield so high

Not backed by any assets, just that the parent company guarantee


Have to check