Shares & Derivatives
Astrea Retail Bond – It’s a Press!
By Investing Thoughts  •  March 11, 2021
3 Reasons to press for the bond 1)      Current Astrea Bonds Trading at a Yield to Maturity less than 3% As such, the 3% bond should be traded at a premium and should open above $1. Which means anyone who wishes to punt should not be underwater on day 1. 2)      Current Retail Bonds are also trading below 3% yield to maturity The best comparison would be to compare with the SIA Retail bonds. Surprisingly for a company that continues to be unprofitable, it is trading at a yield to maturity that is below the ASTLC 3.85%. Although one can argue that its maturity its in 2024 and therefore have a shorter timeframe, the ASTLC 3.85% also has a Scheduled Call Date of 20 June 2024. As such should it be called in 2024 when it meets the conditions. The XIRR of 2.89% without counting any fees looks attractive as well. 3)       PE Funds perform well under stimulation and from March 2020 to November 2020...
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By Investing Thoughts
Age 25, currently doing part-time. Studied in NTU as a Banking and Finance student. Also known as zzxiaoboizz Enjoys doing equity research and investing. Currently vested in Hong Kong and Singapore listed Equities Would pen some of his thoughts here. Also enjoys watching concerts.
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