Sorry, I misunderstood U. U can't compare a bond vs a share - they are different things. For this bond, min units to buy is only 10, so min is RM1000. For shares min is 100 units, so if for UMW O&G, its RM250.
Similarly U can't say FD is expensive as min to start a FD is usually RM1000, but savings accounts, usually just RM10 will do.
Bonds need to have min RM1,000 else it is just not worth the time spent to buy cos U earn just RM45.80 yearly interest, so there really is not worth the effort if they allow min 1 unit of RM100 as then U only get RM4.58 per year interest.

U can't compare this Malaysian government guaranteed bond vs Leyman Bros. If U can't trust the government then U should also not trust putting your money with the banks which is also guarantee by the govt.

Agree. Bank deposits (up to a certain limit, probably RM100,000) guarantee by a company call PIDM which is owned by the government while this sukuk is guarantee by government...same iron-clad guarantee...both by govt....so your principal it's perfectly safe.

Yes and pl note that 1st tranche lower rate of 4% (I think) while coming IPO is 4.58% and that's Y 1st tranche price has fallen below RM100.

I most likely not apply as can get better rate from EPF.

U should check out the 1st tranche balloting to guess that this 2nd tranche will also be 100% successful. Next time, check 1st B4 shooting. Bullets are valuable...so don't simply shoot and waste your bullets.

This post has been edited by topearn: Nov 19 2013, 01:04 PM

This counter is suitable for those who want low risk and thus do not mind getting a risk-free interest rate of 4.58%.

Yes, I know, but the risk of defaulting is practically nil...say 0.001%, so can say it's risk-free.

OK, noted with thanks !

Yes, all applications successful.

Small interest if U invest small but big if U invest say RM100,000, then U get RM2,415 - enough for U to go tour every 1/2 yr.

Congrats ! When listing ?

Auspicious day ! 28 - easy to "fatt".

RM2,415 half-yrly is nearly RM5,000 per yr, not much different from RM5500....but sukuk U guarantee to get it yr after year for I think 16 years, whereas if property crash or rentals go down, there goes your annual trip.

Agree, absolutely no bonus...the best it could do is maybe go to 102 vs IPO price of 100...this is a bond, not a stock.

I did not apply.

That's why I say maybe........very low chance of such happening...but if people want to goring the counter, then anything goes.

Don't look at the price per unit as it makes no sense since U R comparing different things. U can't complain why a BMW cost RM300,000 while a kancil cost just RM30,000...BMW cos so much cos it cost much much more to make a BWM vs a kancil. Similarly a RM1 per unit stock is is not 100 times cheaper vs a RM100 per unit bond.
A sundry shop can sell a pack of say ikan bilis for RM20...but if U buy a pack of ikan bilis from a whole seller it might cost RM180...but U must know the sundry shop pack is just 500gm pack while the whole seller pack is 10 times bigger at 5kg. So U can't complain to the whole seller - why U sell so expensive ?

No, min 10 shares to trade, so min purchase is just RM1000, if price is RM100 per share.

This is for tranche 2, right ? Then tranche 1, which gives a lower rate, will be even lower price.