SIA 5-year retail bonds

[oceanicmanta]

Can share where to find this Institutional/ AI (ie SIASP 3.160% 25Oct2023) prices ?

the link to Bonds Supermart https://www.bondsupermart.com/bsm/general-search/siasp that C-buster provided

 

[lightchaser]

the link to Bonds Supermart https://www.bondsupermart.com/bsm/general-search/siasp that C-buster provided

Thanks . All insti bonds above issue price . Good news for retail bondholders then.

 

[oceanicmanta]

Thanks . All insti bonds above issue price . Good news for retail bondholders then.

that's the Ask Price that you see above par ... have to click into each to see the Bid Price ... some below par

 

[DukeCS33]

still the huge disparity is glaring ...

it seems that the Insti Issue is priced at a much tighter credit risk premium than the Retail issue ... what could be the reasons ??

arcan3 mentioned liquidity - a possibility ... if so, it's not good for Retail investors

I see now - there is a kink there. I was originally focused on the fact that both bonds are different interms of maturity and coupon but did not drill into the price. There is an obvious kink there and lack of liquidity could be a possible issue. I wonder if banks can mop it up and resell to the insto market. I would do that and a repackaging unless there are very clear rules designating retail bonds as only for retail. If that is the case, lack of liquidity is the obvious answer.

 

[lightchaser]

that's the Ask Price that you see above par ... have to click into each to see the Bid Price ... some below par

Oh, u are right ..3 out of 7 insti bonds below water ...but all less than 1% below issue price. must see tmr how.

 

[ccostagmont]

Junk?

Sent from Samsung SM-A307GN using GAGT

 

[churnmaster]

I see now - there is a kink there. I was originally focused on the fact that both bonds are different interms of maturity and coupon but did not drill into the price. There is an obvious kink there and lack of liquidity could be a possible issue. I wonder if banks can mop it up and resell to the insto market. I would do that and a repackaging unless there are very clear rules designating retail bonds as only for retail. If that is the case, lack of liquidity is the obvious answer.

Possible opportunity to pick some ?

 

[Knightoftheblackrose]

Another possible Hyflux saga.

BEWARE !!!

 

[eAtNeAt]

Sianz. If temasek take it private what happens to retail bonds?

 

[assiak71]

Would like to know the possible scenarios too.

Most likely sia will get a credit loan lifeline but if this drags on, even that will be expended.

What happens to retail bond holders?

 

[vaxvms]

nvr read much
but this bond imo better dun touch

 

[coolmyth]

Recent payout just announced. Next one is in Sep.

The question I am asking myself now: Where do you see SIA in 6 months' time? Right question to think? What are your views?

 

[hypertrophy]

Recent payout just announced. Next one is in Sep.

The question I am asking myself now: Where do you see SIA in 6 months' time? Right question to think? What are your views?

high chance of bailout..

If you look at their presentation, they have hedged their fuel price until 2025. There will be an enormous margin call.

 

[eAtNeAt]

high chance of bailout..

If you look at their presentation, they have hedged their fuel price until 2025. There will be an enormous margin call.

Really double whammy. Got cheap oil yet no fly.
Need temasek to pour in cash. Hopefully bondholders are shielded.

 

[havetheveryfun]

Really double whammy. Got cheap oil yet no fly.
Need temasek to pour in cash. Hopefully bondholders are shielded.

cheap oil is useless to them

 

[candy crush]

HO SEY LIAO

those 5 year bond

 

[candy crush]

Potential Hyflux

bear in mind temasek does not guarantee anything uh

 

[hypertrophy]

cheap oil is useless to them

ya boy.. now cut flight le they have in fact alot of overhedged positions. Ironically high oil price will be better for them now...

 

[shallow]

Beginner here to learn, how exactly do SIA hedge their oil price? How does it work?

 

[hypertrophy]

Beginner here to learn, how exactly do SIA hedge their oil price? How does it work?

They have locked in most of their future fuel prices at around $60-70 per barrel by buying futures contract in the market.

It will be an excellent strategy if oil price went up. But now at $20+, they effectively overpaid $30-$40 per barrel.