You can read more from the announcement here.
and prospectus can be downloaded here
Basic Details (Serious investors please read product prospectus before buying)
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 ($1 per share, $1,000 per lot)
Trade date: 25th May
Currently what are other retail blue chip bonds trading at?
Genting perp 5.125% bonds trades around $1.055
CapMallAsia 10 year 3.8% bonds trades around $1.04
CapMallTrust 7 year 3.08% bonds trades around $1.015
As you can notice all these bonds are trading above their $1.00 PAR value, the reasons are because
1) There is limited supply of retail bonds listed on SGX
2) Low interest from bank deposits, currently its only 1%++
3) Worries of a stock market crash
I have ......