Shares & Derivatives
Genting Perpetual Bonds Now Available to Retail Investors
By Making Passive Income  •  April 10, 2012
In my previous post, Are Genting Singapore Perpetual Bonds at 5.125% Attractive? We looked at the Genting Singapore initial perpetual bond offering in minimum denominations of $250k. That effectively put its out of reach for most retail investors. However, with the successful raising of $1.8 billion, Genting is now opening up the option to retail investors with a minimum subscription of $5k. Genting General Information on Genting Perpetual Retail Bonds Issue Size: $500 million with option for additional $200 million (Initial issue was $1.8 billion) Denominations: Initial subscription size of $5k with increments of $1k (Initial issue was $250k) Rating : Baa1 by Moody’s and A- by Fitch (Same) Subordination : Senior subordinated (Same) Callable : Callable after 5 1/2 Years from Issue Date (Same) Maturity: No maturity date but will pay additional one percent in interest if not redeemed within 10 years (Same) For discussions on Perpetual ......
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By Making Passive Income
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