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CapitaMalls Asia is the next company to issue bonds to retail investors after the previous tranche from SIA.
There are offering two options, a 1-year bond paying an interest of 1% and a 3-year bond paying an interest of 2.15% p.a. This is the same interest that was paid by SIA.
The bonds will be issued in denominations of $1000 and the minimum amount for application is $2000.
In the event either bond fails to gather at least $20 million in subscriptions, CapitalMalls Asia has the right to cancel the issue.
The application starts from 9am 7th January 2011 and will close on 17th January 2011 at 12pm. It can be done via the ATMs of the local banks and internet banking of DBS.
CPF and SRS are not available for this particular bond offering.