Astrea 8 bonds

[lzydata]

I wonder what would be the usd/sgd rate they will use for the dividend payout?

From the Astrea 8 prospectus FAQs:

11) Do I receive interest and principal payments for the Class A-2 Bonds in US$ or S$?
Although interest and principal payments on the US$ denominated Class A-2 Bonds are made by the Issuer in US$, if you are a direct securities account holder of CDP who has applied for CDP’s Direct Crediting Service (allowing CDP to credit cash distributions into your designated bank account), you will receive these payments in S$ by default (converted by CDP at such exchange rate provided by CDP’s partner bank).

You may opt-out from receiving payments in S$ via CDP Internet. Upon opting out, your foreign currency cash distribution will not be converted. It will remain in your cash balance with CDP. Please note there is telegraphic transfer fee imposed by CDP in addition to applicable receiving bank charges per withdrawal request.

For more information, refer to the Currency Conversion Service (CCY) section under CDP’s FAQ page at https://www.sgx.com/cdpfaqs

 

[CaptainWu]

20 Jan 2025

https://www.azalea.com.sg/products/astrea-8

Is there a date there? Or just a practice to pay 1 day later from the start day of 19th?

 

[vsvs24]

Is there a date there? Or just a practice to pay 1 day later from the start day of 19th?

There will be SGX notice a couple of weeks before payment date. Payment date 20 Jan.

https://www.sgx.com/mobileapp?action=view&cat=company-announcements&id=BVSYMLJA1ZFC08O5

 

[lzydata]

Is there a date there? Or just a practice to pay 1 day later from the start day of 19th?

It is written there:

"First semi-annual interest to be paid

20 Jan 2025"

Subsequent payout dates should be on 19 Jul and 19 Jan, as stated in the prospectus, unless it is a weekend or public holiday as 19 Jan is.

 

[Lè Crayons]

Today is the day...

But...
4. How long does it take for my foreign currency cash distribution to be converted to SGD and deposited in my account?

You should expect the payment to be credited in your account by the third business day, after the payout date of the cash entitlement.

EXCHANGE RATES AND FEES

12. What is the exchange rate used?

The rates are sourced and provided by CDP’s partner bank (HSBC), which are competitively priced.



13. Where can I view the exchange rate?

The exchange rate and converted amount for each cash distribution will be reflected online via CDP Internet and account holders’ monthly CDP Account Statements.

 

[vsvs24]

Today is the day...

But...
4. How long does it take for my foreign currency cash distribution to be converted to SGD and deposited in my account?

You should expect the payment to be credited in your account by the third business day, after the payout date of the cash entitlement.

Usually come next day after the SGD paid.

 

[hmyoth]

$219.29 for SGD10k.

 

[HoGnix]

$219.29 for SGD10k.

Yes, money is in.

 

[hmyoth]

Yes, money is in.

Tmr another amount for A2.

 

[maumu]

how come it's not $10k x 4.35% / 2 = $217.50? they count by exact number of days? can't recall the date it was issued...

 

[reddevil0728]

how come it's not $10k x 4.35% / 2 = $217.50? they count by exact number of days? can't recall the date it was issued...

Is always by days one ma

 

[maumu]

Is always by days one ma

okay... noted. first time buying corporate bonds.

 

[reddevil0728]

okay... noted. first time buying corporate bonds.

If not wrong all bonds like that

 

[Lè Crayons]

how come it's not $10k x 4.35% / 2 = $217.50? they count by exact number of days? can't recall the date it was issued...

Number of days is 184.

 

[sglandscape]

If not wrong all bonds like that

Absolutely right, it's by day count

 

[Squaredot]

how come it's not $10k x 4.35% / 2 = $217.50? they count by exact number of days? can't recall the date it was issued...

yes count by days

10k*4.35%/365*184days=219.29

 

[vsvs24]

how come it's not $10k x 4.35% / 2 = $217.50? they count by exact number of days? can't recall the date it was issued...

Always look at coupon announcement which they will issue a couple of weeks before . The period for the coupon and number of days is stated.

https://www.sgx.com/mobileapp?action=view&cat=company-announcements&id=BVSYMLJA1ZFC08O5

 

[ahchan]

Tmr another amount for A2.

Seems still not in yet...per checked at 6.28pm

 

[hmyoth]

Seems still not in yet...per checked at 6.28pm

Ya. Not in yet .

 

[hmyoth]

S$213.30 for USD5k in