Analysis of Hyflux 6% Perpetual Capital

Hi everyone,

Hyflux has earlier listed their perpetual capital which yield at 6% initially. While I did not apply for it, the price went up by 1% and for those who are safer and wish to invest in bonds, this may be a good one to enter.

Investment till Callable Date

• Tenure = 4 years
• Total Interest = $0.2400 per share
• Capital loss = $0.014
• Transaction Cost = $0.00608
• Overall Return = $0.21992
• Overall Annual Yield = 5.42%

From the statistics, this is the best yielding bond which is listed in SGX and available to retail investors like myself. Kindly note that the transaction cost is overstated because I factored in buying and selling cost which is not necessary so. Another thing to note is that this is unrated corporate bonds which carries more risks than those which are rated and which are bank-based.

I am still into REITs and business trusts so just for info for those who needs something safer.

Analysis of NEW 4 Year Oxley Bonds at 5.15%

Hi everyone,

Oxley has launched another of their retail bonds. Here are the statistics.

Investment till Callable Date

• Tenure = 4 years
• Total Interest = $0.2060 per share
• Transaction Cost = $0.006
• Overall Return = $0.200
• Overall Annual Yield = 5.00%

From the statistics, it is currently only fairly priced as their existing listed retail bond is giving overall annual yield which is slightly above 5%. This means that it is better to buy from SGX market rather than subscribe to new bonds. And that makes it less attractive.

I am currently more into REITs and business trusts but I will be using this as a benchmark to set my target for investment returns in other counters. But even if I have cash, I will buy the existing ones rather than to subscribe to new ones.

Analysis of Oxley 5% MTN Bond

Hi everyone,

Oxley has earlier launch their retail bonds which I missed. With its current trading price, it seems to be the highest yielding bond and it has a chance to compete with the other bonds and even REITs. Here are the statistics.

Investment till Callable Date

• Tenure = 4 years
• Total Interest = $0.2000 per share
• Capital Gain = $0.003
• Transaction Cost = $0.006
• Overall Return = $0.197
• Overall Annual Yield = 4.94%

From the statistics, this is currently the bond with the best yield. Better than Aspial, Genting and even Hyflux preference shares. The overall yield is at 4.94% if you hold on to maturity. Moreover, you are not going to lose any capital if you hold on. The only issue is transaction cost which you can halve it if you hold on to maturity.

I am currently more into REITs and business trusts but I will be using this as a benchmark to set my target for investment returns in other counters.

Analysis of Perennial 4.65% 3 Year Bond

Hi everyone,

Perennial Real Estate has launched a retail bond which I thought was quite good but not really good enough. Here are the statistics.

Investment till Callable Date

• Tenure = 3 years
• Total Interest = $0.1395 per share
• Capital Loss = $0.000
• Transaction Cost = $0.006
• Overall Return = $0.1335
• Overall Annual Yield = 4.45%

From the statistics, this is currently the second highest yield bond. The overall yield of 4.45% is only lesser than Aspial bond which is currently trading at 4.8% yield. The good thing is that it is only a three year bond so risk is actually lesser than a 5 year bond.

For me, I wonder. If there is a bond that generates a better yield, why settle for less. Not that this is not good, just that there is something better. Invest only if you want to diversify.

Analysis of Aspial 5.25% Retail Bond

Hi everyone,

Aspial has launched a retail bond which I thought was fantastic, especially when we have so little bond offerings for retail investors like myself. Here are the statistics.

Investment till Callable Date

• Tenure = 5 years
• Total Interest = $0.2625 per share
• Capital Loss = $0.000
• Transaction Cost = $0.006
• Overall Return = $0.2565
• Overall Annual Yield = 5.130%

From the statistics, this is currently the bond with the best yield. The overall yield is THE highest at 5.13% if you hold on to maturity. Moreover, because it is still at IPO stage, there is no capital loss incurred. Thus, I think it is an excellent opportunity.

After IPO, I am looking at comparable counters like Genting Perp and Hyflux which are trading at a premium. So I don't expect any losses even if I sell earlier.

I do have some cash on hand and I will be applying for this to continue to build my cash reserves.

Updates on FCL Treasury 3.65% Retail Bond

Hi everyone,

Just an update on the FCL Treasury 3.65% 7 year Retail Bond.

• Price on 29th May 2015 = S$1.007
• Interest = S$0.0365 per share
• Yield = 3.625%

Investment till Callable Date

• Tenure = 7 years
• Total Interest = $0.2555 per share
• Capital Loss = $0.007
• Transaction Cost = $0.006
• Overall Return = $0.2446
• Overall Annual Yield = 3.440%

In my previous post, I have mention that it either follows the yield that is closer to Genting SP5.125% or CapitaMall 3.08% Retail Bond which means the price ranges from $0.98 to $1.04. Well the price seems now to hover just right between them at $1.007.

This is something which I don't really understand because FCL Treasury has the backing of Fraser Centrepoint which is by far one of the household blue chips that we know. Thus, there should be a premium attached to it. However, as of now, it is not moving up as much.

Well, there seems to have a competition of funds at this point with FCL Treasury rivaling Hyflux CPS 6% and OCC 5.1% all which has a shorter tenure and giving at least 3% yield and therefore look more attractive.

I have gotten 10 lots from this and will hold on to it at least until next year. It serves as part of my family cash reserve which I am trying to build.

Frasers Centrepoint to raise bond issue to S$500m amid high demand - Channel NewsAsia

Frasers Centrepoint to raise bond issue to S$500m amid high demand - Channel NewsAsia



Looks like I am going to get some lots for this bond. My aim is saving only for a year actually and then sell it in the SGX market next year.