It used to be that investing in bonds is a pretty straight forward process. You buy a bond, collect coupons every year, and the bond gets redeemed when it matures. This happens as long as the company does not go bankrupt and default on their bonds. Recent developments in F&N have their bondholders up in […]
Looks like the authorities got fed up with the stalemate. SIC Public Statement on F&N
Fraser and Neave (F&N) is the next company here to issue corporate bonds to the public. F&N is offering S$150 million of five-year (2.48% p.a.) bonds and S$150 million of 7-years (3.15% p.a.) bonds. The bonds will be issued in denominations of S$1,000 (minimum of 5k) and will pay interest semi-annually. They will be issued […]
The consolidation of REITs in Singapore have started with the sale of Allco Commercial REIT and the manager, Allco (Singapore) Limited to Fraser and Neave. Frasers Centrepoint Limited, a wholly-owned subsidiary of F&N, will buy over 17.7% of Allco Commercial REIT and 100.0% of Allco (Singapore) Limited from Allco Finance Group. Based on the offered […]