SGD Bond Well Funded For Bond Repayment
Many investors are worried about bond issuers defaulting on their own bonds. Here is one bond issuer which has sufficient cash to pay for their bonds which mature next few years. Hence default risk will be kept to minimal.
The bond issuer is Hong Fok Corp. Bond details is Hong Fok 4.75% 24Jan2018. The bond has an issuer size of SGD100mil.
=> This means Hong Fok needs to pay a total of SGD100mil to bond holders on 24Jan2018.
=> This means Hong Fok needs to pay a total of SGD100mil to bond holders on 24Jan2018.
As of 2nd quarter 2016, the company has cash balance of SGD159mil. So we know that company has the ability to pay for the bond.
=> The company does not have other debt or bond before 2018. The company is profitable.
Hong Fok 4.75% 24Jan2018
Price: 101.15
Yield to maturity: 3.80%
Hong Fok Corp is an investment company, principal activities in property investment, property development, construction and property management. Its investment properties, The Concourse and International Building, total cover 77,000 sq m gross floor area.
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