How how so many? What price did you buy at?

have to read the transaction list properly... there are 2 transactions in the morning... just minutes apart...

suspect a intermediary basically had a client standby to offload the bond from another client.

Noted. But the buy at 9.68% not too bad either.

In any case someone was willing to pay 100.08

This post has been edited by BWassup: Mar 20 2024, 05:02 PM

Nett yield when called back lah is 17.37%
unless the chart is wrong

lets see ah..

my cost RM48227.40 x2 =96454.80 bought 31.1.24
dividends RM1750 x2 on 26.3.24
RM1750 x 2 on 25.9.24

Call back on 25.9.24, i get back capital RM100k
Dividend sudah RM7000 , so Total RM107000

Gain RM10545/96454 =10.93%
in 238D

convert to 1 year =16.8 % pa.
ok lah after 0.5% fees in.





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Sounds like an excellent return bro. Well done.

if tropicana calls back on 25.9.24 that is what is expected
sounds good only for now..
whether really turn out that good or not still dont know.

20k nominal available right now at 0.95 to the dollar. Net time-weighted yield of 16.60% if called as expected in Sep 2024.

This post has been edited by contestchris: Mar 21 2024, 01:49 PM

finished liao, got some more let me know

confirmation received. got some more i would sapu again


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The person in your chat seems certain that Tropicana will redeem the bond on 25 September. Can ask who is he?

Today Swiss surprised with a rate cut, UK looks likely as well. Think Fed could cut in June as well. How about Malaysia? Makes sense for Tropicana to redeem/refinance in this environment.

Bond Express indicative asking price upped to 96.00

This post has been edited by BWassup: Mar 21 2024, 06:57 PM

my FSM contact past many years
should be senior by now
i dont know his position

Bond Express price has creeped up to .945 on the dollar

I mean they only know as best as the next person.

Company has been clear that the perpetual sukuk is a 5 year program. The step-up interest from Y6 onwards is a hefty penalty for non-redemption.


https://www.tropicanacorp.com.my/files/TCB%...th%20AGM%20.pdf

But of course, Tropicana retains the flexibility to not call, or even then defer the coupon payment. But these will only happen because "shit hits the fan".

yes no one can confirm call back or not
consensus belief is yes, will call back

either way i think we cant lose

dont call back takpa
pay us 9% lo.

if tropicana defer us dividend
then it also cannot pay all other bonds
so many queuing behind us
like that Tropicana got to close man..

How long does it take to receive bond coupon payments?

cimb i expect it tonight
FSm tomorrow , backdated to today's date
if it follows the DRB Hicom dividend payment .

Tropicana dividend in CIMB not received so far.
first time like this some problem is going on.

Can find out what's the issue? Are they deferring the coupon payment? I find that hard to believe.

Default? 🤔

wont be so fast... all bond payments are given a grace period to pay the interest due...