Retail Bonds *Official*

disavowed

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Same company leh, default risk should be the same unless the bonds have different seniority.

Perhaps they have assessed that given the "riskier" bond issues out there like Aspial and Oxley people will be willing to settle for less for this "safer" bond.
 

Sai777

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3yr otc 4.9%
4yr retail 4.55% :vijayadmin:

got 10yr 10% one :eek:

errrr......10yrs 10 % is different company

Perennial Treasury is the one to look at. 4.25% due 2018.
PCRT, 5.25% due Jul 2016
Retail Bond 4.65% due Oct 2018
 

Asphodeli

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errrr......10yrs 10 % is different company

Perennial Treasury is the one to look at. 4.25% due 2018.
PCRT, 5.25% due Jul 2016
Retail Bond 4.65% due Oct 2018

+1 for good detective work, but you're half-correct. the 10yr 10% bond is actually carried on Perennial's books in their latest AR as a debt. So therefore it belongs to a Perennial, but in a different way: some CSI work reveals that the issuer is actually an SPV for buying AXA Tower. Perennial was the leader with a consortium of buyers, according to the news. So this bond is Perennial's (majority?) equity stake in that SPV.
 
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Sai777

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+1 for good detective work, but you're half-correct. the 10yr 10% bond is actually carried on Perennial's books in their latest AR as a debt. So therefore it belongs to a Perennial, but in a different way: some CSI work reveals that the issuer is actually an SPV for buying AXA Tower. Perennial was the leader with a consortium of buyers, according to the news. So this bond is Perennial's (majority?) equity stake in that SPV.

Perennial Real Estate has a 31.2% stake on Perennial 8 Shenton bond. This means that Perennial Real Estate has a 10% coupon 10 years bond.

They are two companies and different operation.
 

lzydata

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Are they refinancing debt coming due? Or taking on more debt? Or do we have to wait for the OIS to find out...
 

Asphodeli

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Are they refinancing debt coming due? Or taking on more debt? Or do we have to wait for the OIS to find out...

can't confirm, but according to the AR, Perennial has a couple of SGD bonds maturing between this year and 2018, for a total of about 2.2billion and chump change if you include their RMB bonds.
 

Unique99

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What are the risks of retail bonds? Generally speaking....not specfic to any company bankrupt.
 

Average

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what are the strategies to pressing bonds ah?

Press 2K or 5K got more chance? Or is it sure tio?
 

lzydata

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Average

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Up to how popular it is and how the company wants to allocate. The last time with Perennial, which was just last October, they gave 100% of applied amounts up to $6k. All who applied between $6k and $10k all got $6k worth, applied for $11-15k got $8k and so on.

http://perennialrealestate.listedcompany.com/newsroom/20151022_182310_40S_FZQ3OK2L5B5RCCGX.1.pdf

Wah, balloting ratio all 1:1, means 100% can get.

I know this is high yield junk bond but should be better than aspial. Camping for experienced members to share their sentiments/analysis.
 

knightdreamer

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