Retail Bonds *Official*

[Perisher]

Updated post https://deluxeforums.hardwarezone.com.sg/125003905-post302.html

Will add more as time goes but

these are the current retail bonds

AspialTrea 5.3%b200401 BRQZ

FCLTrea 3.65%b220522 AXXZ

Oxley MTN 5%b191105 BJFZ

CapMallTrb3.08%210220 TY6Z

Perennial n4.65%181023 BIOZ

AspialTrea 5.25%b200828 BEYZ

CapMallA3.8%b220112 PW3Z

Genting SP5.125%Perp P9GZ

LTA n4.17%160510 L07Z

Tigerair 2%PerpC S3TB (SUSP)

And here are the preference shares

CITYDEV NCCPS C70

OCC 5.1% NCPS GG0

DBS Bk 4.7% NCPS MU7

FibreChem NCPS DK2 (SUSP)

Hyflux 6% CPS N2H

UE 7.5% CUM PRE U05

 

[winorlose]

Holding PERH & ASPIAL for now


Perennial n4.65%181023 BIOZ

AspialTrea 5.25%b200828 BEYZ

Dont dare to buy Oxley bonds haha

 

[Perisher]

I hold

Perennial n4.65%
FCLTrea 3.65%
CapMallTrb3.08%

Bulk of it in FCL though.
Nice to switch bonds when it's above par substantially and buy the below par ones.

 

[winorlose]

I hold

Perennial n4.65%
FCLTrea 3.65%
CapMallTrb3.08%

Bulk of it in FCL though.
Nice to switch bonds when it's above par substantially and buy the below par ones.

First time i get my coupon from Aspial.. i also didn't know once XD it will fall the same rate as like stocks.. haha

So it fell below par at 0.984 but now recovered back to 0.997

So if those who bought at 0.984, wont they have a higher coupon rate?

 

[akwl88]

I am totally out of bonds for now

waiting to sell stocks to take profits first

once STI 3000 and above will go back into bonds again hehehe

stockbot eyeing which bonds?

 

[winorlose]

I am totally out of bonds for now

waiting to sell stocks to take profits first

once STI 3000 and above will go back into bonds again hehehe

These are mostly corporate bonds so their bond prices will be inline with general economy also..

If economy tanks, i think these corp bonds will also cui.. especially..

PERH - Property
ASPIAL - Retail Jewell-er + mainly property

 

[Perisher]

These are mostly corporate bonds so their bond prices will be inline with general economy also..

If economy tanks, i think these corp bonds will also cui.. especially..

PERH - Property
ASPIAL - Retail Jewell-er + mainly property

Actually doesn't make sense unless the company is near the brink of bankruptcy, bonds shouldn't move as economy, that's like the path of the stocks. But anyway, the minor volatility helps us get cheap bonds.

 

[winorlose]

Actually doesn't make sense unless the company is near the brink of bankruptcy, bonds shouldn't move as economy, that's like the path of the stocks. But anyway, the minor volatility helps us get cheap bonds.

If economy tanks, these companies will become cheap cheap...look at noble. Their bonds are trading 60c to the dollar

Ultimately the parent companies will need to be floating and doing well to redeem these bonds

If for any reasons, sagas here and there.. their bonds will be affected too

 

[arctician]

threadstarter didnt include hyflux pref shares? i saw genting perps in there

i am very heavy on bonds now..40% in hyflux CPS 6%, 40% in occ 5.1%..balance in capmall 3.8% genting 5.125%

 

[Perisher]

threadstarter didnt include hyflux pref shares? i saw genting perps in there

i am very heavy on bonds now..40% in hyflux CPS 6%, 40% in occ 5.1%..balance in capmall 3.8% genting 5.125%

oh, I didn't include retail preference shares.
Not sure if I should include them...

 

[arctician]

If economy tanks, these companies will become cheap cheap...look at noble. Their bonds are trading 60c to the dollar

Ultimately the parent companies will need to be floating and doing well to redeem these bonds

If for any reasons, sagas here and there.. their bonds will be affected too

key thing is to invest in investment grade bonds and how to decipher current yield vs yield to maturity..also understand if its perp/non perp plus cumulative or non cumulative offering

if one can hold till maturity the risks of a investment grade bond are near to zero

noble is a different case as S&P and moody downgraded it to junk and insolvency risks are very high

 

[arctician]

oh, I didn't include retail preference shares.
Not sure if I should include them...

it willbe nice to have perf shares in too..i think perf shares and bonds have similar risk reward profile..only difference is the obligation vs option to recall

 

[homer123]

Almost all my investment are in bonds.. 3/4 in US bonds and 1/4 in SGD bonds. I find more and better options in US bond markets. So far quite happy with my bonds investment as it has been very stable even during the Jan-Feb 2016 market corrections. With a diverse investment of more than 20 bonds, I am getting dividend or coupon interest payment every month
Hoping to add more when there is chance so that I have at least 2k passive income per month

 

[Perisher]

Almost all my investment are in bonds.. 3/4 in US bonds and 1/4 in SGD bonds. I find more and better options in US bond markets. So far quite happy with my bonds investment as it has been very stable even during the Jan-Feb 2016 market corrections. With a diverse investment of more than 20 bonds, I am getting dividend or coupon interest payment every month
Hoping to add more when there is chance so that I have at least 2k passive income per month

Mind sharing what are the US bonds you are vested in?

 

[Genosis]

ABF SG Bond ETF anyone?

 

[arctician]

Almost all my investment are in bonds.. 3/4 in US bonds and 1/4 in SGD bonds. I find more and better options in US bond markets. So far quite happy with my bonds investment as it has been very stable even during the Jan-Feb 2016 market corrections. With a diverse investment of more than 20 bonds, I am getting dividend or coupon interest payment every month
Hoping to add more when there is chance so that I have at least 2k passive income per month

but downside risks of USD portfolio is a forex swing in e other way will offset all ur bond coupons..like recent drop from 1.4 to 1.35

and a heavily weighted bond portfolio is not optimal as annualized return is in 4-5% zone, probably have to balance it with a high risk asset like real estate

if i have the chance, i will gear up heavily on real estate, and then use the bond coupons to offset cost of financing so one can ride on the arbitrage

 

[Perisher]

ABF SG Bond ETF anyone?

low bond % returns and low capital return...
The good thing is no need to worry about bankruptcy.

 

[jackieatbtu]

Latest News, Corporate

Aspial launches 4-year 5.30% bonds
By Benjamin Tan / theedgemarkets.com | March 22, 2016 : 5:26 PM MYT
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Translated by Google Translator:
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SINGAPORE (March 22): Aspial Corp, a firm involved in real estate, jewellery and financial services, is offering four-year bonds which carry a fixed interest rate of 5.30% per annum, payable semi-annually in arrears.

The offer is guaranteed by Aspial and the bonds will be issued by its wholly owned subsidiary, Aspial Treasury Pte. Ltd. DBS Bank Ltd. is the sole lead manager and bookrunner for the offer.

The offer of up to $75 million in aggregate principal amount of four-year 5.30% bonds due 2020 comprises a public offer of up to $50 million in Singapore and a placement tranche of up to $25 million.

Applications for the bonds open on March 23 at 9am and close on March 30 at noon. The bonds are expected to be issued on April 1 and are expected to start trading on Singapore at 9.00am on April 4.

Aspial shares closed 1.8% lower at 27 cents.
Related Articles

I never buy bonds before, just A35.

Would this be considered not a junk bond? How to buy it?

 

[starfish.starfish]

I hold

Perennial n4.65%
FCLTrea 3.65%
CapMallTrb3.08%

Bulk of it in FCL though.
Nice to switch bonds when it's above par substantially and buy the below par ones.

Quite same same as mod

 

[Pocoyoz]

ASPIAL LAUNCHES 4-YEAR 5.30% PER ANNUM BONDS

NEWS RELEASE
ASPIAL LAUNCHES 4-YEAR 5.30% PER ANNUM BONDS IN ITS SECOND RETAIL BOND OFFERING
- Offer opens March 23, 2016 at 9.00 a.m. and closes March 30, 2016 at 12 noon - Public Offer tranche of up to S$50 million; Placement tranche of up to S$25 million
- Minimum of S$2,000 per application under the Public Offer and S$100,000 per
application under the Placement
- Group’s second retail bond offering rides on successful maiden retail bonds
issuance in August 2015

Offer Details
The Offer of up to S$75 million in aggregate principal amount of 4-year 5.30% bonds due 2020 (the “Bonds”) comprises (i) an offer of up to S$50 million in aggregate principal amount of Bonds to the public in Singapore (the “Public Offer”), and (ii) an offer of up to S$25 million in aggregate principal amount of Bonds to private banking, institutional and other investors (the “Placement”).
In the event of oversubscription in the Public Offer and/or the Placement, the Issuer and the Guarantor may, at their discretion and in consultation with the Sole Lead Manager and Bookrunner, (i) increase the issue size of the Bonds under the Public Offer and/or the Placement and (ii) determine the final allocation of such oversubscription between the Public Offer and the Placement, such that the maximum issue size under the Public Offer and the Placement does not exceed S$200 million in aggregate principal amount of Bonds. Applications for the Public Offer will be subject to balloting in the event of oversubscription of the Bonds

from bondsupermart

Aspial Corp’s second retail bond
According to an announcement to SGX, Aspial Corp will be launching its second retail bonding offering. The S$75 million four-year bond, with a coupon rate of 5.3% opens to the public on 23 March 2016 at 9.00am and closes on 30 March 2016 at 12pm. The public tranche and placement tranche is up to S$50 million and S$25 million respectively. The current outstanding Aspial retail bond (ASPSP 5.250% 28Aug2020 Corp (SGD)) is trading approximately 97.95/99.05, translating to an offer yield of 5.49%. Aspial is a homegrown company with businesses involved in real estate, jewellery and financial services. Household names such as Lee Hwa Jewellery, Goldhear Jewelry, Citigems and Maxi-Cash are a few entities under the Aspial umbrella.