- Current Price on 30th Dec 2014 = S$1.043
- Interest = S$0.05125 per share
- Yield = 4.914%
- Credit Rating = BBB+
Investment till Callable Date
- Tenure = 7 years
- Total Interest = $0.35875 per share
- Capital Loss = $0.043
- Overall Return = $0.31575
- Overall Annual Yield = 4.325%
Genting Singapore has a perpetual bond which is listed on SGX. It is currently the one with the longest tenure of 7 years with the highest overall annual yield of 4.325%. This is reasonable as longer dated bonds tends to have higher yields.
With a premium of 4.3%, I think it is still quite reasonable. Moreover at callable date, if they choose not to redeem, they will give a higher yield of 6.15% which is better for us. Unless they manage to find cheaper source of credit, they will maintain this listing.
Currently, I am looking at bonds or preference shares with a yield of at least 4.05% because OCBC 360 account offers 3.05%. So I was telling myself that 1% more from retail bonds/preference shares should be reasonable. At this point only this and possibly Hyflux Preference Shares qualify for this criteria.
I am building more criterias in just to make sure that I am getting the right fixed income instrument for my cash reserves.
With a premium of 4.3%, I think it is still quite reasonable. Moreover at callable date, if they choose not to redeem, they will give a higher yield of 6.15% which is better for us. Unless they manage to find cheaper source of credit, they will maintain this listing.
Currently, I am looking at bonds or preference shares with a yield of at least 4.05% because OCBC 360 account offers 3.05%. So I was telling myself that 1% more from retail bonds/preference shares should be reasonable. At this point only this and possibly Hyflux Preference Shares qualify for this criteria.
I am building more criterias in just to make sure that I am getting the right fixed income instrument for my cash reserves.
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