if you all want to lose money feel free to apply, it is always best to do you own research instead of following noises.

this is a capital market instrument broken down to retail investors, as a lot of posters had pointed out you will lose out on transaction cost. the cost is lesser for high net worth products if you really want to go into fixed income investment.

understand that for fixed income investment the value is negatively correlated to the movement in interest rate. if interest rate goes up than the value of your investment will go down. if your familiar with the interest rate regime you would understand that so far we have had an easing period. however due to that it has created a bubble that the government is now trying to control in the upcoming budget.

thirdly the longer the duration the higher the price impact. meaning a short dated bond will move less compare to a long dated bond for the same movement in interest rate. this is important because the issuer is issuing long dated bonds.

i don't really want to comment too much but don't simply invest just because donkeys make it seem so easy, some time people brag just to make it seem they know everything. do your own research and understand the investment is always the first rule, otherwise you can be a donkey for life.

one man poison is another man meat, i don't want to enter into long debates but I will just highlight why it is a bad investment

1) post listing you will not make a capital gain off the investment, the budget announcement is this Friday and they will put in place measures to control the bubble. this measures will tighten credit supply and increase cost of funding

2) 4.58% is nothing against "real" inflation figures, Malaysia CPI is commonly known to be rigged due to controlled subsidies and the way the basket is calculated. Actual food prices have been increase far above reported inflation numbers.

3) after transaction cost your buying at a premium, the guarantee only covers principal and will not compensate any premium over 100.

4) FD rates can be taken out without affecting your principal and 1 year cash rate can give you close to 3.5 - 3.6%. In fact you can even negotiate a higher rate if you have the cash. Why bother taking a risk of 15 years for that extra 1%?

If you can counter logical answers to my questions I will call myself a donkey.

instruments like the above are only good for pension funds where they have too much money and need to invest above FD rate.

they dont mind buying it because their cost of product is below the investment return. so this really speak volume about why most insurance products are overpriced.

your argument has no substance and a lot of flaws, i suggest you check the facts before replying next time. anyway im not going to spend my time ranting i've said my piece so good luck if your investing