ASTREA IV BONDS: WHAT TO DO IF YOU DO NOT GET?

Astrea IV bondsDear readers, Astrea IV bonds have been oversubscribed by 740% according to reports. The bonds which were available to retail investors for subscription offer an annual interest of 4.35% per year for a duration of 10 years and the bonds are callable after the first half of this duration of the bonds. With such an attractive interest rate, it is hence no wonder that the bonds are favored by retail investors especially since the other relatively safer bond and which is often tossed by investors for comparison with Astrea IV bonds: the Singapore Saving Bonds offers only close to 1.8% to roughly over 2% interest depending on the period of the holdings. But as I have mentioned in my previous posts, one consideration for the Astrea IV bonds is the lockup period though investors could also choose to sell the bonds through SGX anytime they wish.
Hence, the converse I also true. If investors were not able to get hold of Astrea IV bonds during the application period, investors could still purchase them over at SGX when the bonds start trading. And if the bonds trade at prices lower than that offered during application period, investors could buy more of these. Join the emailing list to receive regular Financial and Singapore stocks newsletters too! Like" me on Singapore Stocks Investing Facebook page to receive all posts on your Facebook as well as read more articles. Follow me on Twitter too.

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