Martin Lee @ Sg
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Genting Perpetual Securities Results

As at the close of the Genting Perpetuals  Public Offer at 12.00 p.m. on 16 April 2012, valid applications in respect of S$731,339,000 in aggregate principal amount of the Securities at the issue price of 100 per cent. under the Public Offer were received.

All applicants who submitted valid applications for the Securities under the Public Offer will be allocated all or a proportion of the Securities for which such applicants have applied for. The allocations are as follows:

Range of principal amount of Securities applied for under the Public Offer (S$’000) : Amount Allocated (S$’000)

  • 5 : 5
  • 6 : 6
  • 7 : 7
  • 8 : 8
  • 9 : 9
  • 10-14 : 10
  • 15-19 : 13
  • 20-29 : 16
  • 30-49 : 22
  • 50-99 :  35
  • 100-149 : 65
  • 150-199 : 95
  • 200-299 : 125
  • 300-499 : 184
  • 500-999 : 300
  • 1000-1799 : 500
  • 1800 and above :  889

The Securities are expected to be issued on 18 April 2012 and commence trading at 9:00 a.m. on 19 April 2012, subject to the SGX-ST being satisfied that all conditions necessary for the commencement of trading in the Securities have been fulfilled. The Securities will be traded on the Main Board of the SGX-ST under the trading name “Genting SP5.125%Perp”.

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3 comments
sender says 7 years ago

Market trading is rational after all. Below are pricing at noon today for following perpetual securities. Think they are good comparisons.

Genting Perp 5.125% = $1.008
Cheung Kong Perp 5.125% = $100.48
GLP Perp 5.5% = $101.29

Reply
    Martin Lee says 7 years ago

    I’m actually quite surprised at the strength of the price. 1.018/1.019 now.

    Reply
      sender says 7 years ago

      Retail tranche is more bullish than the earlier institutional tranche, at over 2% premium. Looking strong still at close of trading.

      Reply
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