Corporate bonds

[neanea]

Which bank to go with for corporate bonds?

 

[focus1974]

any bank will do..
coz every banks will compete to be bookrunners for bond issuances and so sometimes DBS will get it, sometimes DBS and UBS will be joint runners etc etc. But you can still bid for the bonds even if ur bank is not one of the bookrunners...

I think DBS has been winning a major bulk of the local sgd bonds issuances..
u can try them.

 

[SCG8866T]

Which bank to go with for corporate bonds?

Buying bonds thru a brokerage is much better, can usually get par price for new issues.

 

[neanea]

Buying bonds thru a brokerage is much better, can usually get par price for new issues.

Which broker do you use?

 

[pattanispirit]

I use uob kayhian for corp bonds.
The prices r not transparent as sgx. U may get diff px from diff brokers.

 

[neanea]

I use uob kayhian for corp bonds.
The prices r not transparent as sgx. U may get diff px from diff brokers.

Are you able to see the list of bond prices, interest and maturity dates? Or still need to call broker to provide?

 

[Keverus]

dbs treasures..

 

[neanea]

dbs treasures..

What about it???

 

[Keverus]

What about it???

er...u want to go bank buy bond rite? DBS lor. biggest in the business if i am not wrong.

but mass market customers cannot buy bonds. so you need to be a treasures customer first.

 

[Keverus]

Normal mass market trading account also can purchase corporate bonds
Just that min 250k

ts' intention is to walk into a bank and buy.

 

[neanea]

Ts intention is to find out which bank gives best bond price

 

[Keverus]

broker give better bond price (as mentioned already)

if for some reason you wanna go find bank, u have to walk in to priority banking centres, and nego urself with the RMs.

Keverus is saying that he believes DBS will have the widest selection and best prices.

 

[limster]

I already posted this link earlier:

https://www.bondsupermart.com/main/home

Are you sure you are going to buy or just talk only?

Sorry for the skepticism, but there was one guy with $700k ask for advice then do nothing for 1 year, then come back and ask the same question ).

 

[SCG8866T]

broker give better bond price (as mentioned already)

if for some reason you wanna go find bank, u have to walk in to priority banking centres, and nego urself with the RMs.

Keverus is saying that he believes DBS will have the widest selection and best prices.

DBS Treasures give the worse price. Never buy bonds from your bank RM, buy only thru your broker. Brokerages always gets 20 basis point rebate. No such thing as "widest selection" you can buy new issue and all exisiting bonds otc thru your brokerage firm. New issue bonds thru brokerage can always get par price most of the time.

Do note that you will need to be an AI client if you wish to buy bonds with foreign or unlisted guarantor/issuer.

My own experience tells me that all banks tend to mark up their prices.

I know as I am treasures client(zero perks at all besides using treasures centres) and a broker and I also buy bonds.

 

[SpeedingBullet]

DBS Treasures give the worse price. Never buy bonds from your RM, buy only thru your broker. Brokerages always gets 20 basis point rebate. No such thing as "widest selection" you can buy new issue and all exisiting bonds otc thru your brokerage firm. New issue bonds thru brokerage can always get par price most of the time.

My own experience tells me that all banks tend to mark up their prices.

I know as I am treasures client(zero perks at all besides using treasures centres) and a broker and I also buy bonds.

Wait it's the first time im hearing this... so u mean brokerages like POEMS can give better spreads on otc bonds (those 250k/100k a piece type)? Since when?

PBs always give preferred rates to their customers, not just DBS Treasures but Credit Suisse, JPM, GS, etc

 

[SCG8866T]

Wait it's the first time im hearing this... so u mean brokerages like POEMS can give better spreads on otc bonds (those 250k/100k a piece type)? Since when?

PBs always give preferred rates to their customers, not just DBS Treasures but Credit Suisse, JPM, GS, etc

Dont know about POEMS, but I know CIMB Securities priced new issue bonds at par price to client(they get a 20 basis point rebate from PB) and for otc bonds they charge 20 basis points on the firm offer price.

So lets say you manage to buy Genting perp at 99.80, you will only need to pay (99.80 + 0.20) x 2500 + accrued interest.

Simply put it, for CIMB securities, new issue bonds are priced at par which means client can get it at 250k exactly and otc bond clients can get at 0.2% coms. You can compare it with your RM, they are always much more expensive be it new issue or otc. My view.

Yes we are talking about the 250k per lot otc bonds. Do note when you buy bonds thru your bank, they will store it in their custodian, if you buy thru your broker, it goes into your cdp. There is pros and cons. Good thing about putting bond in cdp is that it is safer, but if you want to sell, you need to sign form 4.2 to transfer out(takes 1-2 days). Bonds stored in your bank custodian, can sell anytime, but you will have to take a bigger com cut from your RM when you sell.

 

[Keverus]

\

Pretty obvious that u never bought corporate bonds before

yup. never. problem, felix? unlike you, i dont proclaim to know everything under the sun.

i dont see buying bonds as an attractive investment for me now anyway.

 

[pattanispirit]

Are you able to see the list of bond prices, interest and maturity dates? Or still need to call broker to provide?

my broker will email me the indicative prices in table form everyday, which i told him so.

the yield, maturity dates, bid, asking px, etc can be can seen.
if u intend to trade, u can call him to check the latest bid/asking px and qty.
it fluctuate up or down, depending to yr favour or not.

if u want, i can pm his contact to u.

Btw do u use any financing for your corporate bonds? If so hows the rates like... Just trying to compare

i don't, any financing w good rate, to intro ?

 

[neanea]

Financing means you borrow money from bank to buy bonds? Why borrow to buy?

 

[Keverus]

hence the word "i believe". can be right or wrong.

it's tiresome to argue with u, felix. you're immature and bitter.