** KEY COMPS
Sabana REIT 4.00% 2018 99.75 / 4.08%
AACI REIT 3.80% 2019 100.07 / 3.78%
VIVA ITRUST 4.15% 2018 100.65 / 3.99%
This is a BBB- rated company which is apparently not popular with investors given that its prior issue is still under water in price.
Not enough bait to the private bank sellers. This issue goes on pure merit and there is no PB rebate to entice buyers which says ALOT if you compare the coupon with say, yesterday’s UNRATED GUOCOLAND.
The previous issue went mostly to bank investment books and fund managers, with PB buyers a minority.
Market Cap SGD 709 mil. Gross Dividend yield 7.33% !! for a REIT structure and Shari’ah compliant slant, which makes it easier to raise money in certain parts ......SABANA REIT SUKUK 4.5Y SGD
PRICE GUIDANCE AT 4.375% AREA
** KEY COMPS
Sabana REIT 4.00% 2018 99.75 / 4.08%
AACI REIT 3.80% 2019 100.07 / 3.78%
VIVA ITRUST 4.15% 2018 100.65 / 3.99%
This is a BBB- rated company which is apparently not popular with investors given that its prior issue is still under water in price.
Not enough bait to the private bank sellers. This issue goes on pure merit and there is no PB rebate to entice buyers which says ALOT if you compare the coupon with say, yesterday’s UNRATED GUOCOLAND.
The previous issue went mostly to bank investment books and fund managers, with PB buyers a minority.
Market Cap SGD 709 mil. Gross Dividend yield 7.33% !! for a REIT structure and Shari’ah compliant slant, which makes it easier to raise money in certain parts ......
** KEY COMPS
Sabana REIT 4.00% 2018 99.75 / 4.08%
AACI REIT 3.80% 2019 100.07 / 3.78%
VIVA ITRUST 4.15% 2018 100.65 / 3.99%
This is a BBB- rated company which is apparently not popular with investors given that its prior issue is still under water in price.
Not enough bait to the private bank sellers. This issue goes on pure merit and there is no PB rebate to entice buyers which says ALOT if you compare the coupon with say, yesterday’s UNRATED GUOCOLAND.
The previous issue went mostly to bank investment books and fund managers, with PB buyers a minority.
Market Cap SGD 709 mil. Gross Dividend yield 7.33% !! for a REIT structure and Shari’ah compliant slant, which makes it easier to raise money in certain parts ......
