Bond Ideas for 2018

In the last 1 month, LippoMalls shares and bonds dropped 5% but as fast as they dropped, they have all bounced back up!

Maybank Kim Eng has compiled a list of bonds, please find them in this link here: https://app.box.com/s/a4wal0dj1tzysaimwiw12pshgw964gro

  • The column E “Yield” applies to YTM (yield to maturity). It is accurate for straight bonds, but may not be accurate for perpetuals.
  • Price are based on prices on 10th Jan 2017.
  • Prices already include commission of 0.25% embedded.

This is a long long list. To spare you the effort, I have here a selection of bonds that caught my eye. If any of these bond prices weaken, I may look to enter.

 

SGD Straight Bonds

Perennial Real Estate

  • Price: 100.55
  • Maturity: Jan 2021
  • YTM: 3.71%
  • Supercharged yield: 6.7%

Olam 5.8% 2019

  • Price: 102.80
  • Maturity: July 2019
  • YTM: 3.86%
  • Supercharged yield: 7.0%

Olam 6% 2022

  • Price: 107.25
  • Maturity: July 2022
  • YTM: 4.31%
  • Supercharged yield: 8.1%

 

SGD Perpetual Bonds

UOB 4% Perp

  • Price : 103.05
  • Next Call : May 2021
  • YTC : 3.04%
  • Supercharged yield: 4.4%

Wing Tai 4.08% Perp

  • Ranking : Senior
  • Price : 100.85
  • Next Call : June 2022
  • YTC : 3.87%
  • Supercharged yield: 7.1%

Olam 5.5% Perp

  • Price: 101.50
  • Next Call : July 2022
  • YTC : 5.13%
  • Supercharged yield: 10.9%

LippoMalls 7% Perp

  • Price: 104.80
  • Next Call : July 2022
  • YTC : 5.57%
  • Supercharged yield: 11.6%

 

SGX Retail Bonds

Hyflux 6% CPS

  • Price: 93.3
  • Next call: Apr 2018
  • YTM: 35.32%
  • Supercharged yield (in stocks margin account): 56.9%

 

USD bonds

Olam  5.35% USD perp

  • Price: 100.4
  • Next call: July 2021
  • YTM: 5.1%
  • Supercharged yield : 10.4%

QBE 5.25% USD perp

  • Price: 102.85
  • Next call: Sep 2024
  • YTM: 4.63%
  • Supercharged yield: 8.8%

BNP 5.125% USD perp

  • Price: 100.35
  • Next call: Nov 2027
  • YTM: 4.96%
  • Supercharged yield: 10.0%

 

  • I'm a remisier with Maybank Kim Eng, and as a bonds and REITs investor myself, I guide my clients to build resilient bonds and REITs portfolios. If you like to be guided, please contact me regarding how to become my client; It's free!