tag:blogger.com,1999:blog-7944902213075756335.post1772816497779855768..comments2024-03-29T19:12:08.223+08:00Comments on A Singaporean Stocks Investor (ASSI): Frasers Centrepoint's Perpetual Bonds.AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-7944902213075756335.post-31898100020147372272015-05-12T11:53:14.656+08:002015-05-12T11:53:14.656+08:00"Property developer and manager Frasers Centr..."Property developer and manager Frasers Centrepoint Limited is offering seven-year bonds of up to S$200m (US$149m) at par to yield 3.65%.<br /><br />Of the total, it is selling S$150m to the public and S$50m to institutional investors.<br /><br />DBS is sole bookrunner and underwriter of S$50m of the offering, if subscriptions fall short when the offer ends on May 20.<br /><br />The issuer wxhttps://www.blogger.com/profile/13331225421682542310noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-67899067241100092602015-03-04T17:40:27.530+08:002015-03-04T17:40:27.530+08:00Hi seefei,
I said this in a reply to another read...Hi seefei,<br /><br />I said this in a reply to another reader in the comments section of related post number 1:<br /><br />"A reason why many are expecting other S-REITs to hop on the bandwagon and issue perpetual bonds is because they are treated as part of the equity structure. So, gearing would actually drop and in the case of MLT, gearing dropped from 42% to 38%, post bond issue."<AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-51523756149191212412015-03-04T15:45:47.872+08:002015-03-04T15:45:47.872+08:00AK
As a Fraser Cpt holder, like to ask u a newbie ...AK<br />As a Fraser Cpt holder, like to ask u a newbie question? does this perp bond has implication on the performance of the share as bond is also "debt", right?<br /><br />is the bond affect the share price as i see Fraser CPT ran up a bit recently. Thanks in advance.seefeihttps://www.blogger.com/profile/13678700448170267302noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-75193839674826557822015-03-04T14:13:39.220+08:002015-03-04T14:13:39.220+08:00Hi jojo,
Aiyoh, don't liddat say. You are mak...Hi jojo,<br /><br />Aiyoh, don't liddat say. You are making me pai seh. -.-"<br /><br />You must be able to tell the good from the bad in my blog. I talk a lot of rubbish and nonsense also. Sometimes, they are disguised like words of wisdom. OK, you have been warned. -.-"<br /><br />Right, I shall start making a distinction without a difference (as my language prof used to say) and AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-85310021992838327882015-03-04T14:00:12.582+08:002015-03-04T14:00:12.582+08:00Thanks AK, for your prompt answer.
Ha, ha, you pro...Thanks AK, for your prompt answer.<br />Ha, ha, you probably don't realise how popular you are ... more important, how relevant and approachable.<br />Am sure many have recommended your blog to friends. Well, I have told a friend to tune into your blog for sound advice every now & then.<br />Oh yes, one more thing, stop calling yourself an opportunist like you are apologising for a anonhttps://www.blogger.com/profile/14933269878913721933noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-39036580880317047852015-03-04T11:50:06.055+08:002015-03-04T11:50:06.055+08:00Hi jojo,
Alamak, I didn't say anything about ...Hi jojo,<br /><br />Alamak, I didn't say anything about the interview in my blog and you still found it? -.-"<br /><br />"Low hanging fruits" are fruits that are easy to pick. We don't need to climb high into the trees to reach them. <br /><br />It is a metaphor for investments and financial products which are rewarding but do not demand too much from us. I mentioned the AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-77750284884249346752015-03-04T10:52:50.110+08:002015-03-04T10:52:50.110+08:00Hi AK,
My query does not relate to the topic.
View...Hi AK,<br />My query does not relate to the topic.<br />Viewed your income investing interview (video) yesterday, courtesy of 5th Person.<br />Towards the end of interview, your advice was "1) prudence in personal finance, 2) go for low hanging fruits, 3) lots of patience".<br />May I ask you, what do you mean by "low hanging fruits"?<br />Thanks.anonhttps://www.blogger.com/profile/14933269878913721933noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-53937618293766500942015-03-04T08:22:44.286+08:002015-03-04T08:22:44.286+08:00Hi l0nEr,
Thanks for sharing the details. Much ap...Hi l0nEr,<br /><br />Thanks for sharing the details. Much appreciated. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-82034368555927961492015-03-03T21:10:11.851+08:002015-03-03T21:10:11.851+08:00This is for institutional and individuals (through...This is for institutional and individuals (through banks) 250k per lot size. <br />The interest rate risk is limited to 5 years as there is a reset every 5 year to 5 year swap offer rate plus initial spread. Meaning if they issues the bond at 5% (5 year sor + 300bps), in 5 years time it will reset to the 5 years swap at that time + 300 bps. Hence, depending on the swap curve then. There is also l0nErhttps://www.blogger.com/profile/16717554716069713516noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-63388670676153699682015-03-03T17:22:02.872+08:002015-03-03T17:22:02.872+08:00Hi Bruce,
It would depend on whether there is any...Hi Bruce,<br /><br />It would depend on whether there is any set aside for retail investors or if everything is to be sold to institutions and accredited investors only.<br /><br />If there is a tranche for retail investors, then, you might want to give your broker a call to get the details. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-90773849144581059362015-03-03T15:30:39.025+08:002015-03-03T15:30:39.025+08:00Hi AK,
how does a retail investor subscribe or pu...Hi AK,<br /><br />how does a retail investor subscribe or purchase such bond?Brucehttps://www.blogger.com/profile/13254585464682836163noreply@blogger.com