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Old 05-11-2019, 06:35 AM   #1
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SPH perpetual bond

SPH launches new perpetual bond

http://www.businesstimes.com.sg/comp...perpetual-bond

SINGAPORE Press Holdings (SPH) has launched a perpetual issue on Monday, its second such deal this year.

The issue, a perpetual non-callable 5.5 years has an initial price guidance in the 4.25 per cent area, according to a term sheet seen by The Business Times.

The perpetuals may be called by the issuer after five and a half years. If they are not redeemed at that time, the distribution rate will reset at the end of year 5.5 and every five years thereafter based on prevailing Singapore dollar five-year swap offer rate plus the initial spread and the step-up margin of 100 basis points on May 12, 2025.

SPH - which publishes The Business Times - had priced a S$150 million 4.5 per cent perpetual notes in late May, following a S$1 billion multicurrency debt issuance programme announced early that month.

Sold at 100 par, those notes have risen and on Monday was quoted at 102.792, according to Bloomberg.
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Old 05-11-2019, 01:51 PM   #2
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lolololol...
does General Ng track record inspires confidence in investors?

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Old 05-11-2019, 10:04 PM   #3
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Open to public ar?
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Old 06-11-2019, 09:33 AM   #4
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Can anyone else in such sectors?
I doubt few can too.

lolololol...
does General Ng track record inspires confidence in investors?
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Old 07-11-2019, 01:07 PM   #5
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Open to public ar?
keen to know too
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some questions answer itself
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Old 08-11-2019, 10:44 AM   #6
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Interested to know whether open to public too
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Old 08-11-2019, 02:05 PM   #7
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Interested to know whether open to public too
This one sells in lots of $250k, must be accredited investor to buy.
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Old 08-11-2019, 11:56 PM   #8
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SPH 4 perp, which is the new issue from sph is already trading in the secondary market for the past few days, they are currently trading slightly above par of around 100.5, yielding 3.9%.

You dont have to be a accredited investor to buy this bond,

Its is in S$250k denomination, but those with lower capital and wishes to invest in this bond, you can pm me, i am a bond dealer from a brokerage firm

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