Affin Hwang Single Bond Series 1, MYR hedged HSBC USD Bond PERP 6.5
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 Oct 1 2020, 09:10 AM
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#21
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Junior Member
84 posts Joined: Aug 2014  
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I read that this fund is perpetual. Meaning that although there is a call date, the issuer is not under obligation to exercise. If they don't, you can only exit by selling at the market price, which may be higher or lower than the issue price. In a sense, this fund is open ended.
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Oct 2 2020, 12:43 PM
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#22
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Senior Member
5,907 posts Joined: Sep 2009
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QUOTE(apathen @ Sep 30 2020, 12:38 AM) 5.5%? original coupon rate not 6.5% ? One time entry fees 2%, annual 0.5% etc |
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Oct 3 2020, 01:48 PM
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Senior Member
7,847 posts Joined: Sep 2019
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QUOTE(chichabom @ Aug 3 2020, 08:33 PM) Say if no demand in secondary market and we cant sell out, will hv to stuck with this bond forever since its perpetual? Yes. And HSBC is in a tonne of pain at the moment, mind you. So be careful. I managed to get out of my HSBC bonds before the bad news broke, thanks to my broker’s recommendation, even made money on the capital gain. I was lucky. |
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Oct 3 2020, 04:42 PM
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Junior Member
322 posts Joined: Mar 2014
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QUOTE(hksgmy @ Oct 3 2020, 01:48 PM) Yes. And HSBC is in a tonne of pain at the moment, mind you. So be careful. since this is a fund, fund manager will need to buy back regardless of market demand i think.I managed to get out of my HSBC bonds before the bad news broke, thanks to my broker’s recommendation, even made money on the capital gain. I was lucky. |
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Oct 7 2020, 09:31 AM
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#25
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Senior Member
5,907 posts Joined: Sep 2009
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the recent opening RM30M all taken up in 1 day!
on first day at RM97+ my RM told me can wait price will drop luckily i didnt fully listen to her, price go up against market sentiment? bloomberg chart This post has been edited by guy3288: Oct 7 2020, 09:41 AM Attached thumbnail(s) 
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Oct 8 2020, 09:46 AM
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#26
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Junior Member
84 posts Joined: Aug 2014
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QUOTE(guy3288 @ Oct 7 2020, 09:31 AM) the recent opening RM30M all taken up in 1 day! I'm puzzled. Not sure if it was fully taken up, but quite sure it's not on day 1. My CIMB banker was still trying to convince me to subscribe a couple of days later when I told her initially I wasn't comfortable with the risk as this "fund" is subscribing to the HSBC(an entity with some problem lately) perpetual bond on USD(in my view, USD will weaken over time). She was still persuading me saying I can always sell out at the right time, base on market price.on first day at RM97+ my RM told me can wait price will drop luckily i didnt fully listen to her, price go up against market sentiment? bloomberg chart As I didn't pursue further, I am not sure if CIMB is selling it at subscription price or market price. Add on the sale charge of 2%, buyers may still be under water. |
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Oct 10 2020, 04:42 PM
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#27
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Senior Member
5,907 posts Joined: Sep 2009
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QUOTE(AHGS14 @ Oct 8 2020, 09:46 AM) I'm puzzled. Not sure if it was fully taken up, but quite sure it's not on day 1. My CIMB banker was still trying to convince me to subscribe a couple of days later when I told her initially I wasn't comfortable with the risk as this "fund" is subscribing to the HSBC(an entity with some problem lately) perpetual bond on USD(in my view, USD will weaken over time). She was still persuading me saying I can always sell out at the right time, base on market price. Yeah you are right, i bought at RM97 my cost is RM99 still underwater, but i dont buy to sellAs I didn't pursue further, I am not sure if CIMB is selling it at subscription price or market price. Add on the sale charge of 2%, buyers may still be under water. My 2 earlier purchases were RM93 and RM94 and it went up to RM103 i did not sell. i buy to earn its dividend 3+% 6 monthly. As long as good bargain below RM100 i consider buy |
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Nov 9 2020, 11:55 PM
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#28
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Senior Member
5,907 posts Joined: Sep 2009
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Going up despite bad news? Attached thumbnail(s) 
honsiong liked this post
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Nov 25 2020, 02:22 PM
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#29
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Senior Member
585 posts Joined: Mar 2006 From: xia's heart , ! 
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QUOTE(guy3288 @ Nov 9 2020, 11:55 PM) Going up despite bad news? What's the bad news? |
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Nov 26 2020, 07:13 PM
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#30
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Senior Member
5,907 posts Joined: Sep 2009
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QUOTE(cusx @ Nov 25 2020, 02:22 PM) What's the bad news? read post above, can google search see why HSBC shares dropAttached thumbnail(s) 
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Dec 22 2020, 01:53 PM
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#31
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Senior Member
5,907 posts Joined: Sep 2009
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market is good to this SBS1
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Jan 23 2021, 10:51 PM
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#32
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Senior Member
5,907 posts Joined: Sep 2009
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This HSBC bond still going strong...
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