That seems to be a lot of interest in bonds nowadays, with the recent CapitaMalls Asia retail bond offering and now the Genting Singapore Perpetual bonds offering. On first look, the Genting bonds are issued at 5.125%, while the CapitaMalls Asia (CMA) bonds are issued at 3.8% so the coupon yield for Genting looks better. However, it’s not an apples to apples comparison as they are of different bond tenors. Genting bonds are perpetual bonds while CMA bonds are 10 year bonds. General Information on the Genting Perpetual Bonds Issue Size : $1.8 billion Denominations : Min $250k Coupon Rate : 5.125% Rating : Baa1 by Moody’s and A- by Fitch Callable : Callable after 5 1/2 Years from Issue Date Maturity: No maturity date but will pay additional one percent in interest if not redeemed within 10 years What Are Perpetual Bonds? First, let’s look ......