Genting Singapore PLC issues S$500mn PERPETUAL SUBORDINATED CAPITAL SECURITIES with a coupon of 5.125% rising to 6.125% after ten years if its not redeemed.....
Tuesday, 10 April, 2012 9:1 AM
Posted by Kevin Scully
Genting Singapore announced yesterday that it was launching another tranche of the Perpetual Subordinated Capital Securities with a coupon of 5.125% (payable semi-annually) yesterday. This tranche is for $500mn with a green shoe of $200mn. This time around the denominations are smaller at $5000 compared to S$250,000 when it launched a similar product in 1 March 2012. The March 2012 offer was S$1.8bn.
In the investment seminar last Saturday, I suggested that investors look at yield instruments either through dividend yield plays (but the dividend payments were not assured) or at REITs, Trusts and also corporate bonds. One of the two names I mentioned was GLP (but that only comes in ......
