CapitalMall, one of the 2 oldest REITs in Singapore issues a 3.08% 7 year bond.
- Fixed Interest (coupon) of 3.08% per annum. The coupons will be paid half yearly on 20th Feb and 20th Aug each year
- From 2014 to 2021
- S$150 million will be issued to public
- Offer starts on: 11 Feb 2014 9 am
- Close on: 18 Feb 2014 12 pm
- Apply through: ATM at DBS, POSB, OCBC, UOB
- Minimum investment amount: S$2,000 (incremental multiples $1,000)
- Joint Lead Managers and Book Runners: DBS, OCBC and UOB
A bond is different from a REIT. It is an IOU. You borrow money to CapitaMall. They take the money to work in their business. The coupon you get is fixed for this 7 years, it will not increase it will not fall.
If you held this amount for 7 years, you will get back your principle sum.
You can ......
