Singapore SGS Bond

[reddevil0728]

I called the bank already, nothing they can do.

Actually how did you even apply wrongly when the application is different?

wouldn’t you have to select comp/non comp?

 

[a4973]

Any idea what time does the benchmark closing Level for today 26 July get updated? Thanks

 

[lzydata]

Any idea what time does the benchmark closing Level for today 26 July get updated? Thanks

Around 5.30pm?

Update: OK now it is updated, 5.45.

 

[jljh888]

Actually how did you even apply wrongly when the application is different?

wouldn’t you have to select comp/non comp?

Virgin, thats why. then when I use the app to login, there is no choice for SSB , only browser has it.

 

[reddevil0728]

Virgin, thats why. then when I use the app to login, there is no choice for SSB , only browser has it.

Not all web browser and apps are created equal.

based on ref rate, 10y sgs likey to be lower than 3%. But still probably high enough, and should be able to get full allocation.

so see how lor

 

[jljh888]

lower than 3% sian already. If sell off on FSM , usually how much loss do I have to bear ?

 

[vsvs24]

lower than 3% sian already. If sell off on FSM , usually how much loss do I have to bear ?

Think everyone waiting for you to do virgin sale of SGS bond.

 

[Squaredot]

Yup. If the yield turn out to be good, I am ok to hold..

It won't be bad. Be happy!

 

[reddevil0728]

lower than 3% sian already. If sell off on FSM , usually how much loss do I have to bear ?

Like what vsvs24. Waiting for you to share experience lol

in any case how much you apply?

 

[sohguanh]

lower than 3% sian already. If sell off on FSM , usually how much loss do I have to bear ?

Please try the flow and update back to us how easy it is done using FSM (aka fundsupermart or fsmone) platform ok? A lot of readers wanted to know.

 

[d5dude]

lower than 3% sian already. If sell off on FSM , usually how much loss do I have to bear ?

Based on current bid/ask spread and 0.1% transaction fee the loss should be around 0.5%. Alternatively you can also sell this with phillip, they only make from the spreads, no transaction fee so may be cheaper.

I think no pt trying to sell this, just hold unless you need the money.

Nvm I just checked POEMS and it appears that they only offer OTC trading for 4 SGS bonds, and the spreads are very wide, like 2-5% wide. So it looks like your only choice is to sell it with FSM, or approach any of the dealer banks to request for a quote (most likely worse prices than FSM).

 

[jljh888]

I don't even know how it works hahah, like it I sell, how much am I losing or making.

 

[reddevil0728]

I don't even know how it works hahah, like it I sell, how much am I losing or making.

I mean pay tuition fee lor.

 

[jljh888]

I have to wait untill the auction date before I can see it being reflected?

 

[maumu]

I have to wait untill the auction date before I can see it being reflected?

Issuance date + 1

 

[jayou8]

NX22100W 10-Year Bond​

Coupon rate2.625% p.a.
Cut-off Yield 2.71% p.a.
Cut-off Price 99.26

 

[maumu]

oh my.. that sucks big time.

luckily I put competitive.. will get back the amount.

looks like it's rolling on to the T-bills!

next target: August new 5-year SGS... hopefully will be higher (given the inverted yield curve)

 

[vsvs24]

NX22100W 10-Year Bond​

Coupon rate2.625% p.a.
Cut-off Yield 2.71% p.a.
Cut-off Price 99.26

Interest paid will be 2.625% or 2.71% ?

 

[maumu]

Interest paid will be 2.625% or 2.71% ?

2.625%

if you get it the difference will be refunded to you.

 

[jayou8]

Interest paid will be 2.625% or 2.71% ?

You will be paid coupon rate. I believe the rest will be refunded as lzydata has explained to us.