FPL green notes 5 years 4.49% pa

[hisokaomi]

maybe its just available on website?

Ok.. will they.. thanks.

It's open for application on DBS and UOB apps only, not OCBC.

No wonder cant find it... thanks.

I verified mobile app no IPO function. Go to OCBC website login. Same as SSB only can apply at DBS website but not mobile app

I had applied ssb on ocbc app, but somehow cant find Fraser green notes. Will try its website instead. Thanks

For OCBC go website login can apply IPO I verified it

Noted, will try. Thanks..

 

[F1ngolf2012]

*Frasers* tells you there’s substantial default risk (have you read their documents reasonably carefully?), and I suggest you believe the bond issuer on this point.

Looks like the standard regulatory and industry laundry list to me. Did you see something that is out of the ordinary?

I just don’t think this bond is offered at the right price. My back-of-the-envelope calculations indicate this should be a ~4.99% offer, not 4.49%. I’m basing this estimate on current secondary market data points and a kind assumption about credit quality.

Don't disagree with you on the pricing of this offer. I was expecting in the 4.75% to 4.8% range.

Frasers spends many words describing the many ways these bonds could go pear shaped.

This is where the lawyers earn their bucks.

 

[wynnest]

When will know the result of allocation?

 

[hisokaomi]

When will know the result of allocation?

Think 16 sept

 

[sohguanh]

Think 16 sept

I think it will be hot so maybe can get only 1000. If too hot even 1000 also cannot get all refund back. We wait and see.

 

[hisokaomi]

I think it will be hot so maybe can get only 1000. If too hot even 1000 also cannot get all refund back. We wait and see.

No issue,if our fund is not fully allocated, we can always put leftover into t bill or ssb.

 

[dude123]

I think it will be hot so maybe can get only 1000. If too hot even 1000 also cannot get all refund back. We wait and see.

Won't be oversubscribed..there's a risk of default so not many buying..

 

[nomoreliaola]

several financial blogs do not recommend it. in fact haven't seen one that does. just saying. dydd


Read HWZ Forum Rules!

 

[BTO_Brah]

several financial blogs do not recommend it. in fact haven't seen one that does. just saying. dydd


Read HWZ Forum Rules!

Adding this thread to the watch. If it even reaches 30% the postcount of the legendary Hyflux investor-kanning thread I will be so very entertained.

https://forums.hardwarezone.com.sg/threads/hyflux-6-perpetual-securities.5372221/

 

[limster]

several financial blogs do not recommend it. in fact haven't seen one that does. just saying. dydd


Read HWZ Forum Rules!

Are these the same financial blogs that did not recommend the original Frasers 3.65% or any of the Astrea PE Bonds? At least they are consistent.

I am probably not subscribing because I want to buy stocks for higher return at the moment, not because I think its going to default... but when the time is right and I need to rebalance, I wouldn't mind buying these bonds from the secondary market (hopefully at a discount to face value!)

 

[CaptainWu]

Are these the same financial blogs that did not recommend the original Frasers 3.65% or any of the Astrea PE Bonds? At least they are consistent.

I am probably not subscribing because I want to buy stocks for higher return at the moment, not because I think its going to default... but when the time is right and I need to rebalance, I wouldn't mind buying these bonds from the secondary market (hopefully at a discount to face value!)

Most of the blogger looking to buy stock as well so nothing surprised but look at the reason not subscribing there is nothing that really negative. I have subscribed as I allocated part of my portfolio for the Retail bond on Corporate.

 

[IronMan123]

Application closed on tomorrow noon. Big portion goes to retail investor (retail investor friendly or lackwarm from institutional investors?). Anyway just put $5k ~$10k for this.

 

[Guojing88]

Most of the blogger looking to buy stock as well so nothing surprised but look at the reason not subscribing there is nothing that really negative. I have subscribed as I allocated part of my portfolio for the Retail bond on Corporate.

When you are in your 50s or nearing it, such bonds are important

 

[WHLN17]

Some said this will be undersubscribed but I not for a second think it will be. In contrast, this will be oversubscribed. I read the 2 financial bloggers who said they will not subscribe, well, their reason chiefly because they think that the interest rate will rise further within 6 months. They have also done their 'duty' to point out that this is not risk free. Yes, interest rate will rise but bonds issued in future may experience depressed rate too for example during the book building process. Some in the forum also hold the view that this note is risky. Yes, it is but even SSB has small risk. I have applied for Astrea 7 [but didn't get], which many think it is 'very safe' [cos Temasek and what's not] but if you were to review the prospectus, it also stated that the investment can be risky and the capital is not guaranteed. So, it is in the normal course of business that Frasers also stated in their prospectus that this note can be risky.

 

[IronMan123]

When some bloggers said they won't buy but end up they buy a lot, who knows?

 

[vsvs24]

Some said this will be undersubscribed but I not for a second think it will be. In contrast, this will be oversubscribed. I read the 2 financial bloggers who said they will not subscribe, well, their reason chiefly because they think that the interest rate will rise further within 6 months. They have also done their 'duty' to point out that this is not risk free. Yes, interest rate will rise but bonds issued in future may experience depressed rate too for example during the book building process. Some in the forum also hold the view that this note is risky. Yes, it is but even SSB has small risk. I have applied for Astrea 7 [but didn't get], which many think it is 'very safe' [cos Temasek and what's not] but if you were to review the prospectus, it also stated that the investment can be risky and the capital is not guaranteed. So, it is in the normal course of business that Frasers also stated in their prospectus that this note can be risky.

How come you applied Astrea 7 and not allocated ? I recall everyone got some.

I also think this will be oversubscribed.

 

[mynickname]

How come you applied Astrea 7 and not allocated ? I recall everyone got some.

I also think this will be oversubscribed.

Ballot for applications above a certain amount

 

[limster]

How come you applied Astrea 7 and not allocated ? I recall everyone got some.

I also think this will be oversubscribed.

class A if apply more than $50k have to ballot, thats why I decide to play it safe and only bid $49k so guaranteed to get something.

After the reserves account is nearly full with a few years to go, it is really super safe, thats why I have been buying up Astrea V when it was under $1 and also Astrea VI.

 

[WHLN17]

How come you applied Astrea 7 and not allocated ? I recall everyone got some.

I also think this will be oversubscribed.

https://www.azalea.com.sg/storage/a...ement-astrea-7-us755m-bonds-3x-subscribed.pdf
For Astrea 7, it was 3 times oversubscribed for the Class A [where retails can apply]. Those applied for below 50k get some [or all?] but those applied for 50k or more has to ballot and I didn't get.

 

[lzydata]

People who are naysayers may be very prudent people, or just permabears. There is a niche to be negative on everything. They don't have to tell people what they themselves actually invest in.