Not really, I am buying mainly bond listed in the US market. You can buy in smaller lots.
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Singapore Bonds
- Thread starter Runifyouhaveto
- Start date
I would rather rent out my HDB flat and live in Malaysia or Thailand. The rental income from HDB and the interest from bond are sufficient for me to live without working.
Re: Interesting Bond issues
There is still too much money chasing too few bonds
http://www.scmp.com/business/markets/article/1802097/emerging-bond-funds-scramble-asian-debt
There is still too much money chasing too few bonds
http://www.scmp.com/business/markets/article/1802097/emerging-bond-funds-scramble-asian-debt
Re: Interesting Bond issues
Issuers should jump on board now, or risk missing the bus altogether.
A bout of activity in the Singapore dollar bond market has shown that issuers and investors see opportunities after what has been a quiet year so far. A dip in yields and the fear of rising rates has helped encourage the sellside, while buyers have taken heart from a period of currency stability. Issuers that have been waiting should jump in now before it's too late.
http://www.globalcapital.com/articl...e-issuers-should-strike-while-the-iron39s-hot
Issuers should jump on board now, or risk missing the bus altogether.
A bout of activity in the Singapore dollar bond market has shown that issuers and investors see opportunities after what has been a quiet year so far. A dip in yields and the fear of rising rates has helped encourage the sellside, while buyers have taken heart from a period of currency stability. Issuers that have been waiting should jump in now before it's too late.
http://www.globalcapital.com/articl...e-issuers-should-strike-while-the-iron39s-hot
Re: Interesting Bond issues
Do volatile bond markets signal another global financial crisis is coming?
What happens in the huge bond markets of the world sets the scene for all asset prices.
http://www.arabianmoney.net/us-doll...al-another-global-financial-crisis-is-coming/
Do volatile bond markets signal another global financial crisis is coming?
What happens in the huge bond markets of the world sets the scene for all asset prices.
http://www.arabianmoney.net/us-doll...al-another-global-financial-crisis-is-coming/
Re: Interesting Bond issues
The size of the global bond market is about 20x that of the equity market. It is usually an advanced-indicator of what to expect. Lowering sovereign bond yields or lowering interest rates is like taking antibiotics.
- Some have recovered from the illness (eg. US) but if they take it again, they gotta increase the dosage.
- Some are prescribed antibiotics, like tamiflu even before they got H1N1 to boost their immunity (currency wars). This preventive measure works on some counties but vice versa on others.
- Some have already overdosed but still fighting the illness. This is why you see the wild swings in sovereign bonds from some countries. When there are no sign of improvement, they fear death so they increase the dosage further (eg. Europe & China).
The size of the global bond market is about 20x that of the equity market. It is usually an advanced-indicator of what to expect. Lowering sovereign bond yields or lowering interest rates is like taking antibiotics.
- Some have recovered from the illness (eg. US) but if they take it again, they gotta increase the dosage.
- Some are prescribed antibiotics, like tamiflu even before they got H1N1 to boost their immunity (currency wars). This preventive measure works on some counties but vice versa on others.
- Some have already overdosed but still fighting the illness. This is why you see the wild swings in sovereign bonds from some countries. When there are no sign of improvement, they fear death so they increase the dosage further (eg. Europe & China).
Re: Interesting Bond issues
Fraser Centrepoint 7-YEARS 3.65% bond offer size increased to S$500m from S$200m
FRASERS Centrepoint has increased the total size of its first retail bonds offering to S$500 million from an initial S$200 million, following strong investor demand.
http://www.businesstimes.com.sg/com...increases-bond-offer-size-to-s500m-from-s200m
Comparison with recent property-related bonds:
Fraser Centrepoint 7-YEARS 3.65% - Retail tranche (smaller denominations)
Soilbuild Reits 3-YEARS 3.45% - Secondary Market ($250K per unit)
Starhill G Reits 8-YEARS 3.4% - Secondary Market ($250K per unit)
Please note that for FCL 3.65%, the maturity is 7 years but the issuer have an option to slightly compensate you to redeem earlier after 48 months
Earlier redemption dates and the additional compensations
May 2019 1.825% of par value
Nov 2019 1.46% of par value
May 2020 1.095% of par value
Nov 2020 0.73% of par value
May 2021 0.365% of par value
Nov 2021 0.1825% of par value
Eg. if they early redeem in Nov 2019, for every $10000 (par value) that you hold, they reimburse give you the semi-annual interest-due + $146 (1.46% of par)
Fraser Centrepoint 7-YEARS 3.65% bond offer size increased to S$500m from S$200m
FRASERS Centrepoint has increased the total size of its first retail bonds offering to S$500 million from an initial S$200 million, following strong investor demand.
http://www.businesstimes.com.sg/com...increases-bond-offer-size-to-s500m-from-s200m
Comparison with recent property-related bonds:
Fraser Centrepoint 7-YEARS 3.65% - Retail tranche (smaller denominations)
Soilbuild Reits 3-YEARS 3.45% - Secondary Market ($250K per unit)
Starhill G Reits 8-YEARS 3.4% - Secondary Market ($250K per unit)
Please note that for FCL 3.65%, the maturity is 7 years but the issuer have an option to slightly compensate you to redeem earlier after 48 months
Earlier redemption dates and the additional compensations
May 2019 1.825% of par value
Nov 2019 1.46% of par value
May 2020 1.095% of par value
Nov 2020 0.73% of par value
May 2021 0.365% of par value
Nov 2021 0.1825% of par value
Eg. if they early redeem in Nov 2019, for every $10000 (par value) that you hold, they reimburse give you the semi-annual interest-due + $146 (1.46% of par)
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Re: Interesting Bond issues
zaobao shared a bond website today
https://www.bondsupermart.com/main/home
It is very neat and good effort, however the list of current is not comprehensive.
zaobao shared a bond website today
https://www.bondsupermart.com/main/home
It is very neat and good effort, however the list of current is not comprehensive.
Re: Interesting Bond issues
Stock and bond markets on the verge of a crash warns David Stockman
http://video.cnbc.com/gallery/?video=3000381558&play=1
Former OMB director David Stockman on the economy, stocks and the Fed with CNBC’s Jackie DeAngelis. He’s been a noted bear for years but now thinks things are getting critical.
David Stockman explains why the stock and bond market could be on the verge of a collapse…
http://www.arabianmoney.net/us-stoc...on-the-verge-of-a-crash-warns-david-stockman/
Stock and bond markets on the verge of a crash warns David Stockman
http://video.cnbc.com/gallery/?video=3000381558&play=1
Former OMB director David Stockman on the economy, stocks and the Fed with CNBC’s Jackie DeAngelis. He’s been a noted bear for years but now thinks things are getting critical.
David Stockman explains why the stock and bond market could be on the verge of a collapse…
http://www.arabianmoney.net/us-stoc...on-the-verge-of-a-crash-warns-david-stockman/
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Re: Interesting Bond issues
Fraser Centrepoint 3.65% is trading at 0.5% above par at this moment in first day of listing.
http://www.businesstimes.com.sg/com...oint-lists-seven-year-365-retail-bonds-on-sgx
Fraser Centrepoint 3.65% is trading at 0.5% above par at this moment in first day of listing.
http://www.businesstimes.com.sg/com...oint-lists-seven-year-365-retail-bonds-on-sgx
Re: Interesting Bond issues
Good advice:
http://www.channelnewsasia.com/news/singapore/outlook-for-bonds/1871308.html
According to UBS, corporate bonds are favoured over Government bonds because they offer higher yields. Still, under the current market condition, it has advised investors to opt for bonds with shorter term maturity.
Mr Kelvin Tay, regional chief investment officer for Southern APAC at UBS AG, said: "If you have a long-term maturity bond and if the issuer is not well-rated, then I think you really need to re-consider your options. But if the issuer you are holding on is actually very well-rated and there are no cashflow issues, yields are still pretty decent, I think you can still hold on to it, provided the maturity is not too long."
Good advice:
http://www.channelnewsasia.com/news/singapore/outlook-for-bonds/1871308.html
According to UBS, corporate bonds are favoured over Government bonds because they offer higher yields. Still, under the current market condition, it has advised investors to opt for bonds with shorter term maturity.
Mr Kelvin Tay, regional chief investment officer for Southern APAC at UBS AG, said: "If you have a long-term maturity bond and if the issuer is not well-rated, then I think you really need to re-consider your options. But if the issuer you are holding on is actually very well-rated and there are no cashflow issues, yields are still pretty decent, I think you can still hold on to it, provided the maturity is not too long."
Re: Interesting Bond issues
SGD bonds going strong
http://business.asiaone.com/news/sgd-bonds-going-strong
SGD bonds going strong
http://business.asiaone.com/news/sgd-bonds-going-strong
Re: Interesting Bond issues
is this a good sign? i have doubt, it means that more people are buying up debts of big corps, when that happen, it means that debts are ballooning and expecting bad times ahead. besides when interest rate hike in US will only make borrowing more expensive, and to repay the yield to investors, companies have to play catch up in their revenue. how are all these good?
is this a good sign? i have doubt, it means that more people are buying up debts of big corps, when that happen, it means that debts are ballooning and expecting bad times ahead. besides when interest rate hike in US will only make borrowing more expensive, and to repay the yield to investors, companies have to play catch up in their revenue. how are all these good?
Re: Interesting Bond issues
Good brother, u are very sharp. Ah RUN shares your sentiments.
Broader picture: short-term interest rates cost more more, eg. our SOR and SIBOR are higher for 1-mth, 3-mth, 12-mth,
Now, we can easily get 1.5-1.6%pa for our 1-year fixed deposit. A year ago, we only get 0.9%pa.
but the long-term interest rates did not go up as much.
Economists tell us the yield curve smoothens = the gap between long-term and short-term interest rates is reduced.
Similar situation in corporate bonds now.
Ok, back to your point, let's look at the burden of debts.
Today, if you are a shareholder or Genting, Hyflux, Banyan, etc, you (wife) will faint because your hubby pays a significant portion of income to mistress regularly ( interests debts and preference shares). Let's group them as TIER-2 companies, nothing bad about them, no insolvency risk.
Assuming TIER-1 is the safest, we have the likes of local property companies issuing 3% bonds for 5-8 years tenor.
TIER-2 companies are either lessor-known or listed companies addicted to debts, they have no going-concerns, just that they got to pay 5-7% for their bond borrowings
TIER-3 companies are those with bonds trading at 10-25% yield because of their sector downturn, eg. local listed Oil n Gas companies.
I will not invest in Tier-1 company debts because their prices will drop when US hikes rate 3-6 months later. Retail tranche is still ok.
I will prefer to hide in Tier-2 companies that are not addicted to debts. I get 5-7%pa for those with 2-3 years maturity and knowing that i can preserve my capital to switch to property or cheaper equities 2-3 years later.
Good brother, u are very sharp. Ah RUN shares your sentiments.
Broader picture: short-term interest rates cost more more, eg. our SOR and SIBOR are higher for 1-mth, 3-mth, 12-mth,
Now, we can easily get 1.5-1.6%pa for our 1-year fixed deposit. A year ago, we only get 0.9%pa.
but the long-term interest rates did not go up as much.
Economists tell us the yield curve smoothens = the gap between long-term and short-term interest rates is reduced.
Similar situation in corporate bonds now.
Ok, back to your point, let's look at the burden of debts.
Today, if you are a shareholder or Genting, Hyflux, Banyan, etc, you (wife) will faint because your hubby pays a significant portion of income to mistress regularly ( interests debts and preference shares). Let's group them as TIER-2 companies, nothing bad about them, no insolvency risk.
Assuming TIER-1 is the safest, we have the likes of local property companies issuing 3% bonds for 5-8 years tenor.
TIER-2 companies are either lessor-known or listed companies addicted to debts, they have no going-concerns, just that they got to pay 5-7% for their bond borrowings
TIER-3 companies are those with bonds trading at 10-25% yield because of their sector downturn, eg. local listed Oil n Gas companies.
I will not invest in Tier-1 company debts because their prices will drop when US hikes rate 3-6 months later. Retail tranche is still ok.
I will prefer to hide in Tier-2 companies that are not addicted to debts. I get 5-7%pa for those with 2-3 years maturity and knowing that i can preserve my capital to switch to property or cheaper equities 2-3 years later.
Re: Interesting Bond issues
Latest: Macau's GDP shrinks 25%
The tiny gambling enclave in China's south saw its GDP last quarter shrink by about 25 percent -- a feat it took Greece six years to achieve.
http://www.bloomberg.com/news/artic...-as-casino-revenues-plunge-on-graft-crackdown
Latest: Macau's GDP shrinks 25%
The tiny gambling enclave in China's south saw its GDP last quarter shrink by about 25 percent -- a feat it took Greece six years to achieve.
http://www.bloomberg.com/news/artic...-as-casino-revenues-plunge-on-graft-crackdown
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