- There are three time frames.
Two weeks ago, I was told that my relative had invested in Singapore Post’s(SGX: S08) recently issued perpetual securities.
I thought it would be helpful for my relative if I shared a factual breakdown of the numbers. I also figured that my sharing could be done on The Good Investors to benefit any reader who happens to have invested in or are interested in the same perpetual securities. Before I start, it’s important to note that some key details of the perpetual securities are complex, and I cannot guarantee that my understanding of them is correct. But I think I’m still able to give a good rundown of what’s happening. Here goes!
1) Total sum raised by Singapore Post: S$250 million, excluding any relevant fees
2) Distribution to be paid by Singapore Post for the perpetual securities: There are different distribution rates that Singapore Post will be paying, depending on the time frame:
