Investment grade bond with more than 4% YTM
In an interest rate rising environment, we want to buy quality bond that has maturity of 8 years or less, paying a decent yield to maturity and has high advance margin.
Below is one such bond:
China Cinda 4.25% 23Apr2025
Price: 100.50
Ccy: USD
Yield to maturity: 4.17%
Advance margin: 80%
Leverage yield to maturity using 75% loan: 11.58%
=> This means investor will pay only 25% in cash and pay the remaining amount using 1.70% loan.
Below are the majority investors of the bond:
The high for this bond was at 106.00. Buying at current price of 100.50 may provide upside opportunity.
China Cinda Asset Management is partly owned by China Ministry of Finance.
China Cinda Asset Management Co., Ltd. is principally engaged in the provision of financial solutions and asset management services.
The Company operates through three business segments.
- The Distressed Asset Management segment is engaged in the management of assets arisen from acquisition of distressed debts and debt-to-equity swap and the provision of clearing settlement and fiduciary services.
- The Financial Investment and Asset Management segment is engaged in the management of financial investments on private funds and companies in certain other industries.
- The Financial Services segment is engaged in the provision of financial services related to securities, insurance, financial leasing and asset management.
Source: mobile.reuters.com/finance/stocks/overview?symbol=1359.HK
Commentary from rating agency on this issuer:
https://www.fitchratings.com/site/pr/1010771
To build a leverage bond portfolio, you need to open a private bank account. Minimum to open a private account in Singapore is SGD3 million.
If you are interested to open a private bank account, write email to me at metal.commodity@gmail.com. I can recommend my private banker friends to you.
Below is one such bond:
China Cinda 4.25% 23Apr2025
Price: 100.50
Ccy: USD
Yield to maturity: 4.17%
Advance margin: 80%
Leverage yield to maturity using 75% loan: 11.58%
=> This means investor will pay only 25% in cash and pay the remaining amount using 1.70% loan.
Below are the majority investors of the bond:
The high for this bond was at 106.00. Buying at current price of 100.50 may provide upside opportunity.
China Cinda Asset Management is partly owned by China Ministry of Finance.
China Cinda Asset Management Co., Ltd. is principally engaged in the provision of financial solutions and asset management services.
The Company operates through three business segments.
- The Distressed Asset Management segment is engaged in the management of assets arisen from acquisition of distressed debts and debt-to-equity swap and the provision of clearing settlement and fiduciary services.
- The Financial Investment and Asset Management segment is engaged in the management of financial investments on private funds and companies in certain other industries.
- The Financial Services segment is engaged in the provision of financial services related to securities, insurance, financial leasing and asset management.
Source: mobile.reuters.com/finance/stocks/overview?symbol=1359.HK
Commentary from rating agency on this issuer:
https://www.fitchratings.com/site/pr/1010771
To build a leverage bond portfolio, you need to open a private bank account. Minimum to open a private account in Singapore is SGD3 million.
If you are interested to open a private bank account, write email to me at metal.commodity@gmail.com. I can recommend my private banker friends to you.
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