Genting 5.125% Perpetual: Profit SGD7,123
On 23Oct2016 we had call to buy Genting 5.125% Perpetual at 101.70:
http://myasiaprivatebank.blogspot.sg/2016/10/genting-5125-perpetual.html
Rationale being company has more cash than total debt, hence the bond has high probability of calling back the bond on nearest call date which is 12Sep2017.
Genting Singapore had announced that they will call back the bond on 12Sep2017.
If you had bought SGD250k face value of the bond at 101.70 and hold till 9Sep2017, your gain will be SGD7,123.
http://myasiaprivatebank.blogspot.sg/2016/10/genting-5125-perpetual.html
Rationale being company has more cash than total debt, hence the bond has high probability of calling back the bond on nearest call date which is 12Sep2017.
Genting Singapore had announced that they will call back the bond on 12Sep2017.
If you had bought SGD250k face value of the bond at 101.70 and hold till 9Sep2017, your gain will be SGD7,123.
Comments
Post a Comment