Astrea 8 bonds

[BBCWatcher]

But some of us prefer to have fixed maturity dated bonds…..js hold to maturity get back our principle regardless of prevailing market interest rate

Yes, for particular spending goals a few months or years from now. And that'll happen if the bond doesn't default. Which is why low risk Singapore Savings Bonds and other Singapore Government Securities exist in denominations as low as S$500. And insured fixed deposits and other vehicles.

I think the retail market is speaking and has spoken. There's just not much of a market for retail sized corporate bonds in Singapore. I don't think there's even much of a retail corporate bond market in the United States, the world's largest capital market with tons of retail support. People who want to save for a new washing machine in 6 months, or to repair their home's roof within a couple years, just don't want to run any material risk that their bond blows up and certainly don't want to spend the time and effort trying to understand the bond's risk profile. When retail investors want to assume some risk they do so with a longer time horizon (such as retirement) and with diversification (holding a basket of bonds). "Big whales" operate differently, of course.

Also, it's rather expensive to issue and to service a retail bond.

I think it all makes logical sense, really. It's probably a sign of a maturing retail investment market.

 

[spikeling]

A2 Sold. Thank you Temasek for $1.3K pocket money.

 

[DevilPlate]

need more doomsayers to spread fear leh
Can A2 drop to $1.0 anot

 

[Lè Crayons]

need more doomsayers to spread fear leh
Can A2 drop to $1.0 anot

A2 to the moon

 

[limster]

need more doomsayers to spread fear leh
Can A2 drop to $1.0 anot

Some say A2 is the next Hyflux, others say its the next Lehmann brothers

 

[bruiser69]

Some say A2 is the next Hyflux, others say its the next Lehmann brothers

Might as well say it is the next Blumont

 

[CaptainWu]

A2 Sold. Thank you Temasek for $1.3K pocket money.

Can share what platform you used to sell? Not many platform be able to sell now I checked, POEMS should be okay.

 

[bruiser69]

A2 Sold. Thank you Temasek for $1.3K pocket money.

You should have sold 30 lots of A2 then

 

[spikeling]

You should have sold 30 lots of A2 then

Yeah show hand. Later take $300 go ECP eat seafood then Geylang jiak durians!

 

[spikeling]

Can share what platform you used to sell? Not many platform be able to sell now I checked, POEMS should be okay.

I used DBS Online. 0.18% commission is the lowest i can find!

 

[bruiser69]

Yeah show hand. Later take $300 go ECP eat seafood then Geylang jiak durians!

Got jiak mangoes?

 

[belgarathc]

I used DBS Online. 0.18% commission is the lowest i can find!

I haven't sold usd shares in many years. dbsvickers prompted me to open a multi currency account. do you know if I need it to get the sales proceeds back to my dbs bank account in a cost effective way?

 

[CaptainWu]

I used DBS Online. 0.18% commission is the lowest i can find!

I presume you mean DBS Vickers as normal DBS trading is not able to access CDP.

 

[~sabaisabai~]

A2 Sold. Thank you Temasek for $1.3K pocket money.

wah, gxgx
you bought at ipo price?

 

[DevilPlate]

A2 closed at 1.075

 

[CaptainWu]

A2 closed at 1.075

Wow! That's nice. This is one thing I did not think about as mostly focus on SGD, those who bought USD class might just cashout and get a quick win for one year of dividend in one week.

 

[MrClubbie]

Oh, I really disagree with you. So do investors, who are generally not so naive. Just look at the yield!

weren't sia's bonds before covid (where they hid their rating and sold on the basis of their brand value) and hyflux perps fully taken up by singapore investors?

 

[muthuma]

I was comparing Astrea 7 & 8.

Looks to me that Astrea 8 is over appreciated and will come down.

 

[DevilPlate]

I was comparing Astrea 7 & 8.

Looks to me that Astrea 8 is over appreciated and will come down.

Different tenor…..also look at YTW assuming full redemption on 5th yr

 

[dork32]

I was comparing Astrea 7 & 8.

Looks to me that Astrea 8 is over appreciated and will come down.

why dont you say astrea 7 has underappreciated and will go up soon