Buying from FSMOne better than but from bank? How about on fees? Processing fee 0.5%, platfrom fee 0.045% per quarter. If buy from bank got platform fee too?

if you managed to get it at PAR value.... then yes of course.
Also don't know if the price indicated is a tradable price. Hopefully it is.

Usually there’ll be a spread as I’ve previously mentioned. No such thing as a fre lunch as far as the banks or bankers are concerned… FSM may be different though. Nevertheless I’m happy for guy3288 that he got it for a good price

cross-post my question from another thread ... https://forum.lowyat.net/topic/4193169/+30461

Anyone has experience buying/selling small lot bond through FSMOne Bond Express ? How's the spread vs. full lot size ?

FSM cheaper i paid RM251250 compared to RM255k fróm bank

Bank charge you once 2% fee that is all
FSM got  continuous fees...multiply many yrs may be more than 2%

Buy and keep long term  better from bank
Buy and sell fast better go FSM
already can make  0.6% in few days RM1500 profit
i bought RM102 not cheap x3
only got 1 cheap FSM RM100.50

buy high sell high
buy cheap sell cheap also
Redemption at CIMB RM103+
redemption at FSM only RM101+

kind of same amount of profit whether ´"buy high" or "buy low"
.
no experience

Here some bonds coming up…

🎊 *EXCLUSIVE EXSIM RESTOCK* 🎊
*_EXCAPR 5.6 12/11/26_*
Issuer: *Exsim Capital Resources* 🇲🇾
Industry: *Property*
Currency: *MYR*
Rating (RAM): *AA3*
Ranking: *Secured*
Tenor remain: *3 years 2 months*
Coupon: *5.6% payable semi-annually*
Min subscription amount/incremental: *MYR 100k/MYR 100k*
Indic price: 102.18
Indic YTM: 4.85

return too low 4.85%

Better go for tropicana 10.43%
this I bought  from bankers 2019,
the  price drop is tempting..

What app/which bank s that? Is this bond available for regular or premium banking?

What app/which bank s that? Is this bond available for regular or premium banking?

it is fsmone.

there is an interesting AUD bond giving 6.8% yield

https://www.fsmone.com.my/bonds/bond-factsh...de=AU3CB0302115

Junior subordinated bond compared to secured bond, senior
and highest ranked 1st Lien bond...more risk must have higher return..if not not worth it .

it seems most of the bank issued bonds are not secured bond,
similar like the credit suisse bond,
it depend on whether u think the bank is healthy enough and will not fall like credit suisse

return too low 4.85%

Better go for tropicana 10.43%
this I bought  from bankers 2019,
the  price drop is tempting..

I bought some at 93.75 a few weeks back, it's not at 93.50. What's the catch? How come FSM got so much supply of these bonds? Everyday they restock, sometimes multiple times a day. In batches of 100,000 FV.

If they don't exercise call, the couple steps up to 9.0%, then 1% higher each year until a max of 15.0%.

If they default, it has got first lien on 2x security cover.

So why so cheap?

To me unlikely Tropicana will want to miss the call on their first tranche of perps. They still have lots of assets they can dispose of to raise the funds to repay.

1)Debts high
2)sales so so only
3)outlook rated as negative
4)call back people think unlikely, no money to redeem..
5) Panick sellers

Your take? Did you add more?

i wanted to but my RM discouraged me,
she said i have enough exposure there already dont add more.

i wanted to but my RM discouraged me,
she said i have enough exposure there already dont add more.

Malaysia bond market is considered very illiquid, with exception of govies.
So the spread you noticed is basically made up by the bank that is servicing you. And usually, not always, the other side of transaction is the bank itself (represented by the trader). And because of this, it  is possible for bank A and bank B to quote you different price.
(except for buying, this different price is useless when you want to sell because your bond is being custodized with the bank you purchased at start).
Bursa is a stock exchange, and by right, all publicly listed equities in Malaysia must trade via the exchange, with certain exceptions. This price is transparent for all to see.

Btw, I doubt it is written anywhere by the bank that the bid-offer spread must be 2? Just like fx, which is a lot more liquid, at times of market uncertainty, the spread for FX widens like mad.
2 and 3 imply spread is fixed. It is not. and neither is real fair value of the bond needs to be within the bid-offer prices.

4 is the most interesting part. How often do clients really shop around? (even changing physical foreign currency also people don't really get the best price) Once you purchased a bond from a particular bank, you have to sell that bond back to them. Unless you transfer said bond out. Plus, its not that easy for a client to shop around unless they are premier clients of a few banks.

Btw, you have also answered your own question about why the price is 102 for a IPO. The convention is that all bonds are issued at PAR (ie only the coupon is varied for each issuance), so by right you should be subscibing to the bond at 100 bucks.
Occam's razor: the bank slapped extra 2 bucks on top of the real offer price, which is 100.

edit: forgot to mention. If the extra 2rm is "buying fee", then in your statement it should spell out fee. Its like you purchase Maybank shares at 9.00, but got small items called this and that fee.

Good advice by an honest RM 

Your RM so good. Even advise on FSM investment