$SIA 2021 MCBz300608#(YQ7B.SG)$It seems to me that by selling in open market, I will get more. Currently, the market price is 1.063, work out to be 6.3%.. ..while SIA going to redeem at 4%/year . .....SIA ....why? . 😭😭😭 $新加坡航空公司(C6L.SG)$
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May 102377128 :
We can’t sell at open market right? Sigh!
hh488 :
How did it get $1697.97? Adding up all the 6 half-yearly interest payments? That will happen in 2024. Also, was this bond sold at $1 in 2021? Not vested yet but may be interested.
doctorpot1hh488:
it is $169.797 for every 100 unit of this bond. This bond does not pay out any payment every 6 months, instead the interest is compounded. so this 169.797 figure is when all 18 months of interest is compounded together. When it is 24 dec 2022, the bond will be worth $106.121 per 100 unit. which means if SIA redeem the bond, they will be paying out $106.121 per 100 unit. but as you can see now it is only selling for $98.7 per 100 unit. so it is sold at a discount.
Apoplo :
relax drop abit, every 6mths will have interest for the bonds already. Redeem early or not the price is at 4.8+ vs current stock price 5+, i see a win already
pleased : Ya so what does this mean? Where to pay up for the redemption?
hh488 : Already auto redeemed 50%. Payout on 26 June. If you read their announcements.
BCML 102566593 hh488: Hi, May i know Where to see the announcements :)
hh488 BCML 102566593: If your a/c is thru' CDP, money should be credited. Can check the company announcement in Moomoo also.