Investment through the ages, from cradle to grave.
Aye, a sad day for preference shares investors. The pool is getting very very small now!
Hi Lizardo,I'm surprised they will redeem this low interest rate pref shares. Either this is not counted as their capital for the liquidity requirements (for the new requirements) or they really have no need for the extra cash.I think it's the former.
la papillion,There could be an additional reason.OCC 3.93%- 20 Mar 2015 @ 3.93% (20 Mar, 20 Sep)- Thereafter @ 3-mth SOR + 1.85% (20 Mar, 20 Jun, 20 Sep, 20 Dec)After 20 Mar 2015, the rate changes to 3-mth SOR + 1.85%. Believe the SOR has been climbing. So the rate may not be as cheap after all.
GMGH,Sad day instead. Instead of retail investor getting hold of more Bonds/Preference Shares, we end up with less and less options.Seems kind of a contradiction given all the discussions about CPF and retirement investments.
Hi Lizardo,You're right, if they didn't convert, the cost will be much higher.I really really hope that the scene for retail bonds will be better than this. All the hot talk at SGX comes down to nothing at the moment.
Really need to open up the Bond market to the wider retail market. Maybe the second part of the CPF review study will bring something more tangible.I suppose MoolahSense offers the other end of the same spectrum.
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