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| From CIMB dated 10/11/14 |
To calculate current bond yield, just use (Annual interest payment) / (Clean price). For example if CK bond coupon is 5.125%. Annual interest is 5.125% x 100 = 5.125. Therefore current bond yield is 5.125 / 97.10(buy price) = 5.28%.
Perpetual bonds are still getting hit by the potential interest rate hike next year. Except for some strong names like Mapletree Log Trust, UOB, DBS and the recent new issue Ascott Residence Trust as shown above. Alot has got to do with the issue size, ratings and step up mechanisms, so we have to judge accordingly.
Hi hayden
ReplyDeleteGood list there.
Do you happen to have those files buy with the investment grade of those bonds? Im working on a project and that may help.
Hi B,
DeleteYou can check individually via cbond website. Most established perps are rated BBB. You can check out a list by tradehaven too, she did one here: http://tradehaven.net/wp-content/uploads/2014/10/sgd-perps-list.jpg