There seems to be a lot of investment vehicles coming up recently attracting investors to park their money with. Not long ago, we have the structured UOB and revised OCBC deposit, then the Singapore Savings Bond (SSB) and more recently the FCL Retail Bonds offering attractive rates at 3.65% for a maturity period of 7 years.
Duration: 7 years
Interest: 3.65%
Payment: Semi-Annual
Offer period: Now till 20 May Noon Close (Retail investors can apply via ATM or iBanking)
Min Sum : $2,000 (increment of $1,000 next)
Trade date: 25th May
There has been a couple of retail corporate bonds offered in the past too by blue chip companies such as the CMA and CMT but I don’t remember it generates so much interest as the one being offered recently by FCL. I can probably attribute this to 2 factors. First, it shows how ......