- Aug 29, 2013
- Reaction score
I've put my money in bank bonds before is rather trade options than to do that and a lot can be done in 5 years
Just in :
"Mainboard-listed Aspial Corporation said on Thursday it has decided to re-allocate $25 million in bonds offered to the public to its placement to institutional and other investors. As a result, $50 million is now offered under the placement and $25 million to the public."
high demand from institution ?
I highly doubt institutions will settle for 5.25%. They probably think the public tranche will be difficult to fill given the volatile market conditions.
from their Second Quarter Financial StatementsAt current market prices, the Group expects to make substantial profits from its development projects, both locally and in Australia, due to the healthy margins for most of these projects.
The Real Estate Business is expected to continue to contribute significantly to the Group’s revenue and profitability due to the following reasons:-
- First, based on the units sold in its property projects as at the date of this announcement, the Group has locked in total revenue of about S$620 million which will be progressively recognised in accordance with the stage of construction.
- Second, the Group has locked in more than A$1,050 million of sales revenue from the Australia 108 and Avant projects. The revenue will be recognised upon the completion of the projects.
- Third, at current market prices, the potential sales revenue from the Group’s remaining local and overseas projects is estimated to be in excess of S$2 billion.
- The Group expects positive cashflow from the TOP of local projects which includes Urban Vista, Kensington Square, The Hillford and Waterfront@Faber in the next 24 months.