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 Affin Hwang Single Bond Series 1, MYR hedged HSBC USD Bond PERP 6.5

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rocketm
post Jun 6 2020, 01:52 PM

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QUOTE(guy3288 @ May 30 2020, 04:41 PM)
Opportunity to buy HSBC Holdings Plc USD bond
Direct from HSBC 1 lot =USD200k
Launched 23.3.2018 Perpetual
1st Call back 23.3.2028
Coupon Rate 6.5% 6 monthly
Type - AT1, Junior Subordinated

MYR hedged by Affin Hwang -->Single Bond series 1
now selling below PAR~ RM94 ( was moving from high in Feb 2020 RM114 down to low  RM79 in mid Mac 2020)
as low as RM10,000.00, Fee 2.0%
Deduct Mx fees etc , Coupon ~ 5.5% pa 6 monthly
rating BBB only
I bought from CIMB, you call your own bank and ask
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Does the coupon rate guaranteed?

How it is operate? There are bid and ask spread. Seem complex.
rocketm
post Jun 8 2020, 10:50 AM

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QUOTE(guy3288 @ Jun 8 2020, 12:20 AM)
Past payout  fixed 5.5%+/-
not sure abt the bid and ask price, in ?FSM
i buy from CIM follow cimb price RM93 that day
now seems cheaper, the price fluctuates
at call back will get back PAR RM100
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Yes, I saw the information from FSM about the bid and ask price.

If 1 lot is USD200k, then it is a big investment for small player as we need about RM853k.


rocketm
post Jun 8 2020, 11:45 PM

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QUOTE(guy3288 @ Jun 9 2020, 12:31 AM)
You dont need USD200k, as you can buy only RM10k or may be lesser with FSM as we are buying Affin Hwang Single bond and not the HSBC Bond direct and MYR hedged, no currency risk.
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Thanks for the information.

Based on your experience, what are the risk involved for this corporate bond?

The return is the coupon payment and does the price appreciation or depreciation will affect your return when this bond matured?

 

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