| SIA will issue $300 million of five-year bonds, of which $250 million will be placed out to institutional and other investors, and the remaining $50 million offered to retail investors. The bonds to be issued, which are un-rated, will pay interest of 2.15 per cent per annum. |
My opinion for this bond is that the yield is too low compared to the existing ones listed on SGX. On SGX, we have LTA and JTC bonds which are as good as the bonds issued by SIA and their yield is much higher. (more than 4%).
I am thinking of buying some bonds but I will wait for the pricing of this bond before I decide...
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