They are no obliged to redeem the security. But if not redeemed by end Apr the interest will step up to 8%. If they fail to pay interest, the interest due will accumulate as a debt due to holders until paid.
Why shares on sgx can allow to drop 20% in a day?
wow preference shares and bonds are supposed to be risk free investments, surprised this went all way down..
Can. But i think they can't give dividend on the main Hyflux shares also.
Market thinks ah Lum cannot sell asset at close to book value. No asset sale, no bond redemption. Co got no cash flow from operations
got source? i am surprised the share price remain stable..usually if no coupon payout to perps, ordinary sharholder no dividend also
wow preference shares and bonds are supposed to be risk free investments, surprised this went all way down..
I think you really got it wrong. They carry some risks.
The Noble and Swiber bonds serve good examples. The companies financial standings are important and their declines were slow. So ample time for bondholders to react.