Green SGS (Infrastructure) Bonds

[reddevil0728]

in the end I didn't apply 'cos I think I won't see to the end of 30 years... and have nobody to will it to. but yeah 3.25% is not a bad passive income.

hope MAS will release shorter tenure in the near future.

why not just consider those SGS bonds? Green or not green doesn't matter right

 

[DevilPlate]

in the end I didn't apply 'cos I think I won't see to the end of 30 years... and have nobody to will it to. but yeah 3.25% is not a bad passive income.

hope MAS will release shorter tenure in the near future.

https://www.mas.gov.sg/bonds-and-bills/auctions-and-issuance-calendar

 

[DevilPlate]

What a fantastic month to be in. So many bonds and spoiled of choices.

So much as there are ppl who complain yield is too low.

When the easing starts, will be nice to look at these posts to reminisce such yield.

3% js nice cover inflation only.

 

[lzydata]

Results for Placement Tranche

Total Amount Offered S$2,450,000,000
Total Amount Applied S$5,994,800,000
Total Amount Allotted 1 S$2,450,000,000
Subscription Rate 2.45x

Results for Public Offer

Total Amount Offered 1 S$50,000,000
Total Amount Applied S$12,726,000
Total Amount Allotted S$12,726,000
Subscription Rate 0.25x

1 MAS has exercised the right of Re-allocation. Accordingly, this issuance will be in respect of S$2,500,000,000 in aggregate principal amount of Bonds pursuant to the Placement and the Public Offer, to be allocated as follows:

(a) S$2,487,274,000 in aggregate principal amount of Bonds to the Placement; and

(b) S$12,726,000 in aggregate principal amount of Bonds to the Public Offer.

https://www.mas.gov.sg/bonds-and-bi...ation-green-sgs-infrastructure-bonds-na24300e

 

[maumu]

Results for Placement Tranche

Total Amount Offered S$2,450,000,000
Total Amount Applied S$5,994,800,000
Total Amount Allotted 1 S$2,450,000,000
Subscription Rate 2.45x

Results for Public Offer

Total Amount Offered 1 S$50,000,000
Total Amount Applied S$12,726,000
Total Amount Allotted S$12,726,000
Subscription Rate 0.25x

1 MAS has exercised the right of Re-allocation. Accordingly, this issuance will be in respect of S$2,500,000,000 in aggregate principal amount of Bonds pursuant to the Placement and the Public Offer, to be allocated as follows:

(a) S$2,487,274,000 in aggregate principal amount of Bonds to the Placement; and

(b) S$12,726,000 in aggregate principal amount of Bonds to the Public Offer.

https://www.mas.gov.sg/bonds-and-bi...ation-green-sgs-infrastructure-bonds-na24300e

oh wow, the public interest is so cold. surprising?

if they push 10-year or 20-year then it'll probably be more attractive...

for institutions, 50-year or 30-year also no problem.

 

[reddevil0728]

oh wow, the public interest is so cold. surprising?

not surprising? so many years?

if they push 10-year or 20-year then it'll probably be more attractive...

for institutions, 50-year or 30-year also no problem.

but there are SGS bonds no? why must specifically go for green born unless one feels strongly about it rather than just about yield

 

[maumu]

but there are SGS bonds no? why must specifically go for green born unless one feels strongly about it rather than just about yield

no specific reasons, just that the money goes for a good cause.

 

[lzydata]

oh wow, the public interest is so cold. surprising?

if they push 10-year or 20-year then it'll probably be more attractive...

for institutions, 50-year or 30-year also no problem.

It is not surprising. These long term SGS bonds may be open to the public but are not suitable at all for most people. SSB, T-bills, or shorter term bonds are far better.

 

[lovemyself123]

Failed product? 0.25x subscription us abysmal

 

[DevilPlate]

Failed product? 0.25x subscription us abysmal

Institution 2.45X wor

 

[reddevil0728]

Failed product? 0.25x subscription us abysmal

not meant to target retailers like yourself. they just open it to retailers if they fancy.

overall oversub like what was posted above

 

[Bam25th]

Hmmm I didn’t realise got this. If not, I probably would have applied. 30 years just nice for me since I’m 30+ now. 30 years later just nice retired haha

 

[reddevil0728]

Hmmm I didn’t realise got this. If not, I probably would have applied. 30 years just nice for me since I’m 30+ now. 30 years later just nice retired haha

a lot of things can happen within 30 years that's the issue with the "lock-in"

 

[xXxJavierxXx]

This 30yr bond is a good substitute for cpf if you aren't having any cpf. And you get to receive your own money and choose to reinvest if you want compared to cpf.

 

[d5dude]

oh wow, the public interest is so cold. surprising?

if they push 10-year or 20-year then it'll probably be more attractive...

for institutions, 50-year or 30-year also no problem.

Not surprising since this is a 30 yr bond with poor liquidity (assuming <250k).

 

[lzydata]

Syndication: Green SGS (Infrastructure) Bonds​

Syndication: NZ26300E 20-Year Bond (New)

https://www.mas.gov.sg/bonds-and-bi...ation-green-sgs-infrastructure-bonds-nz26300e

Singapore prices S$2.6 billion of 20-year green bonds at 2.4%​

Analysts say scarcity of long-duration sovereign bonds is among the drivers of investor demand

https://www.businesstimes.com.sg/esg/singapore-prices-s2-6-billion-20-year-green-bonds-2-4

$2.55b offered to institutions and accredited investors and $50m to the public, from 9am today to 12 noon on 27 July.

 

[maumu]

Syndication: Green SGS (Infrastructure) Bonds​

Syndication: NZ26300E 20-Year Bond (New)

https://www.mas.gov.sg/bonds-and-bi...ation-green-sgs-infrastructure-bonds-nz26300e

Singapore prices S$2.6 billion of 20-year green bonds at 2.4%​

Analysts say scarcity of long-duration sovereign bonds is among the drivers of investor demand

https://www.businesstimes.com.sg/esg/singapore-prices-s2-6-billion-20-year-green-bonds-2-4

$2.55b offered to institutions and accredited investors and $50m to the public, from 9am today to 12 noon on 27 July.

thanks for the lobang. but is it worth putting in for 2.375% coupon? seems a bit low...

 

[lzydata]

thanks for the lobang. but is it worth putting in for 2.375% coupon? seems a bit low...

Yes it is low. I've always said long term bonds are not suitable for individual investors. Only if you want to help do nation-building

 

[reddevil0728]

Yes it is low. I've always said long term bonds are not suitable for individual investors. Only if you want to help do nation-building

lol what's your intention to keep posting if it's not really targeted at people here?

then will just welcome questions from people that obviously not very suitable for them

for those who are suitable wouldn't visit here or wouldn't even ask qns

 

[lzydata]

lol what's your intention to keep posting if it's not really targeted at people here?

then will just welcome questions from people that obviously not very suitable for them

for those who are suitable wouldn't visit here or wouldn't even ask qns

These public offers are always fully subscribed so clearly some people are interested. They do not need to take my advice, it's their money.

I did once have a thought of subscribing a token amount like $1k, but then I thought that I already contribute my share in taxes