Top grade bonds that can be supercharged using margin accounts are few. I was asked recently what are the junk bonds (high yield) bonds that have caught my eye. I have listed some bonds that looks interesting and have ordered them according to my preference. Admittedly, i have yet to dive deep into these companies as I do not plan to invest in them.
- Sabana 4% Mar 2018, price 99.0, YTM 5.5%
- Sabana 4.25% Apr 2019, price 96.0, YTM 6.8%
- Religare Heath Trust 4.5% July 2018, price 99.7, YTM 4.8%
- CWT 4.8% 2020, price 99.8, YTM 4.9%
- Ara 5.2% perp, price 103.5, YTC 4.4%
- Centurion 5.25% July 2018, price 100.7, YTM 4.4%
- Tuan Sing 4.5% Oct 2019, price 98.2, YTM 5.3%
- Tuan Sing 6% Jun 2020, price 100.5, YTM 5.8%
- Tat Hong 4.5% Jul 2018, price 99.0, YTM 5.6
- G8 Education May 2019, price 99.9, YTM 5.5%
- Oxley 6.375% 2021 USD, Price 100.4, YTM 6.2%
- Aspial 5.05% Jun 2019, price 100, YTM 5%
- Tiong Seng 4.75% Jan 2018, price 100, YTM 4.7%
- TA Corp 5.5% Mar 2018, price 97.5, YTM 9.4%
- Banyan Tree 5.75% Jul 2018. price 101.1, YTM 4.6%
- Banyan Tree 5.35% Nov 2018. price 100.4, YTM 5.0%
- Pacific Int Lines 7.25% Nov 2018, price 99.8, YTM 7.4%
Note that these bonds are not investment grade and hence cannot be margined at good rates. The prices used are from bondsupermart.com prices which is only a guide to the real prices and does not include any commission.
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