Singapore SGS Bond

[philips107]

Hearsay big amt >200k, banks/brokerage firms may entertain you.

Sad if true, was thinking retail issues, no need that kind of amt.

It seems like i can just put my sell order online at FSM and let them search for a buyer on my behalf. If anyone has had the experience of doing outside of the sgx exchange (esp if via FSM), I would be grateful if u can share your experience / advice.
- of course I will need to custodise it with them 1st, seems to be free of charge when I read their FAQs on how to transfer in from CDP

It rates keeps going down, I may wanna sell it one day.

 

[philips107]

how much did you buy?

50K. hopefully no need 200K and above for OTC.

 

[philips107]

Hearsay big amt >200k, banks/brokerage firms may entertain you.

I did a quick search, I think the 200K is only applicable to wholesale (corporate?) bonds.

https://secure.fundsupermart.com/fsm/advice-services/faq/341/

23. I am not an Accredited Investor. Can I invest in Corporate Bonds?
​

Yes you can. Wholesale Bonds are available to either Accredited Investors (AIs) or anyone who transacts a minimum investment amount of at least SGD 200,000 (or its equivalent in foreign currency) in a single order. However, do note that some bonds are only available for Accredited Investors (AIs).

 

[reddevil0728]

50K. hopefully no need 200K and above for OTC.

u hand itchy ah. why this sort also go buy if u cannot hold?

 

[philips107]

u hand itchy ah. why this sort also go buy if u cannot hold?

6 yrs ago, younger, dun think so much, just want to experience it.

Can hold, but if really gd price, got optionality to sell.

I recall it was like $115-$118 1-2 yrs after I bought it. and that was the price offered on the exchange. now the exchange price is ridiculous.

 

[philips107]

I did a quick search, I think the 200K is only applicable to wholesale (corporate?) bonds.

https://secure.fundsupermart.com/fsm/advice-services/faq/341/

23. I am not an Accredited Investor. Can I invest in Corporate Bonds?​

Yes you can. Wholesale Bonds are available to either Accredited Investors (AIs) or anyone who transacts a minimum investment amount of at least SGD 200,000 (or its equivalent in foreign currency) in a single order. However, do note that some bonds are only available for Accredited Investors (AIs).

OK, additional further digging. No min for sell, so it looks like I can sell on FSM easily once I custodize with them.

https://secure.fundsupermart.com/fsm/advice-services/faq/1895/

1. What is Bond Express?
​

Bond Express aims to provide clients with a real-time bond trading experience for a specified list of wholesale and retail bonds, where bid/ask prices shown are firm and executable. These prices are available for immediate bond trade execution by our clients at the available bid/ask volumes where iFAST Financial Pte Ltd (“iFAST”) deals as principal for all Bond Express trades.
Via Bond Express, clients are also able to trade in odd lots (smaller denominations than the Intended Denomination) from as low as 5,000 lot sizes. However, for wholesale bonds, odd lot investments via Bond Express will be applicable for Accredited Investors only. Non-accredited investors can also purchase wholesale bonds via Bond Express but will have to conform to the standard minimum investment denomination for each bond, subject to an investment value of at least SGD 200,000, or its foreign currency equivalent for non-SGD bonds.
There is, however, no restriction on clients’ sell actions via Bond Express.


I logged into bond express and see my bond bid / ask price.
104.3 (sell) / 104.65 (buy)
min size 1000