Shares & Derivatives
New perennial 4.55% 4 yrs bond – Goodbye or good buy?
By Bully The Bear  •  April 20, 2016
Looks like yet another bond offering in the local retail bond market. It's always the same few players offering bonds, and this time it's by Perennial Real Estate Holding (PREH). They just offered a 3 yrs 4.65% bond in Oct 2015 that I blogged about it here and now they are back at it again. This time round, it's a 4 yrs 4.55% bond. Let's see how it compares with the currently traded 3yr4.65% bond. Last close price of 3yr4.65% bond: $1.012 Par value of bond : $1.000 Capital loss from buying above par: $0.012 Total no of coupon payments left: 5 Payout for each coupon payment: $0.02325 Total returns upon maturity: 0.02325x5 - 0.012 = $0.10425 Total % returns: 10.301% Maturity date of bond: 23rd Oct 2018 Today's date: 20th Apr 2016 Total holding period: 916 days ......
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By Bully The Bear
La papillion is french for butterfly. This blog chronicles my journey from an amateur in the stock market to where I am today. Have I turned into a beautiful butterfly? I don't know, but I think my metamorphosis is still on-going now :)
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