Huarong 4.50% Perpetual: USD7850 Profit
On 26 January 2017, we had identified opportunity for Huarong 4.50% Perpetual when it was at 100.50.
We like this bond because of its decent yield and strong parent which is China Ministry of Finance.
Source link: myasiaprivatebank.blogspot.sg/2017/01/this-perpetual-is-good-deal.html
Bond price had risen to 102.00 today. We think its good to take profit in view of potential US - North Korea conflict.
If you had bought USD200k face value of the bond, your profit including coupons will be USD7,850.
We like this bond because of its decent yield and strong parent which is China Ministry of Finance.
Source link: myasiaprivatebank.blogspot.sg/2017/01/this-perpetual-is-good-deal.html
Bond price had risen to 102.00 today. We think its good to take profit in view of potential US - North Korea conflict.
If you had bought USD200k face value of the bond, your profit including coupons will be USD7,850.
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