Shares & Derivatives
The Weekly Horse: Debrief on Astrea IV Bonds
By Financial Horse  •  June 16, 2018
Source: The Straits Times Debrief on Astrea IV Bonds For those who are not aware, the retail offering of the S$121 million Class A-1 Bonds was 7.4 times oversubscribed. The allotment table is set out below: To be very honest, this take-up wasn’t as strong as I expected. I applied for S$10,000 and received S$4,000, which is actually pretty decent. It’s strange because literally everyone I knew applied for these things, which leads me to think that my social circle is not entirely representative of the retail investors as a whole. Perhaps it was the entire Hyflux saga that deterred the rest of the crowd. In any case, I am glad that investors have considered the bonds, and ......
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By Financial Horse
Financial Horse was founded with a simple goal – To provide high quality financial commentary, in plain English. He is a firm believer in Einstein’s quote that “If you can’t explain it to six-year-old, you don’t understand it yourself.” Too much of finance is shrouded in complex jargon, and Financial Horse aims to demystify financial investments.
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