Shares & Derivatives
Why are the Temasek T2023 2.7% Retail Bonds so hot?
By Financial Horse  •  October 27, 2018
As most of you are aware, last week’s Temasek T2023 2.7% 5 year Retail Bonds sold like Bread Talk’s pork floss buns when they first came out (am I getting too old?). Or in more technical jargon, the retail tranche was over 8 times oversubscribed, with over S$1.6 billion of applications received, and the retail tranche was upsized from S$200 million to S$300 million. I’ve set out the allocation table below, and most investors should have received S$6,000. As a rough comparison, the Astrea IV Bond allocation was 7.4 times oversubscribed, with S$890 million applications received on S$121 million of bonds. Astrea’s allocation is set out below, where most people would have received S$4000 ......
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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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