same lah must go tru RM also.. cant say we sell in open market like that..



whoa bro true or not...........?
really so susah to transfer bond?

bukan macam transfer money kah?
just sign transfer form and go.

which bank is that your experience there?
damn troublesome to transfer one

ada benefit must explore lah..
buy in bank A (cheaper price)
transfer to Bank B (higher price) to sell...

question is
1. Can bank A refuse to let me transfer my bond out?
2. Bank B can refuse to accept my transfer in..?

i doubt Bank A can refuse my request if Bank B willing to accept, right?

But my RM will contact her network, and whichever RM bids the highest and gives me the best price on behalf of their client will be the buyer. I don’t think selling thru a platform offers you that flexibility

i am confused bro..

contact her network of RMs where?
in the same bank eg UOB.... asking around all UOB RMs?

or your RM could cross border go asking around other RMs from other banks eg MBB, DBS
which have similar bond...?

which brings us back to the 1st question
can you buy bond from bank A and sell it at bank B?
higher price likely in another bank as i have shown above

This post has been edited by guy3288: Jun 5 2024, 09:14 PM

Ah, I understand what you were trying to ask now. Sorry, I wasn’t quite clear previously.

My RM will ask both internally (within Maybank) or externally (her network) to secure the highest bidder.

that means you can buy bond in MBB and sell bond outside MBB
eg sell at DBS etc..

but you are not answering it straight.....

are you sure your RM could sell it that way easily?

our friend bond-insider guy just leaked the secret
it is near impossible or damn troublesome to transfer

your case looks like can sell just like that
without even a transfer?

This post has been edited by guy3288: Jun 6 2024, 12:03 AM

I didn’t understand your question earlier, that’s why.

But yeah, I can sell on “open market” ie not bound to one bank, that way. It’s a service that my RMs provide as part of the private banking experience.

Apologies for the miscommunication haha

This post has been edited by hksgmy: Jun 6 2024, 12:11 AM

i still have doubts because logically speaking it doesnt work that way.
you buy here you sell here. unless you transfer the bond out first.

dont forget our bond insider guy has said in his post 38
your bond is custodized in MBB...

i wonder how your RM could sell it away just like that at another bank

Ok. Here’s what happens if I want to buy a bond that DBS/UOB or Maybank doesn’t have on its books (ie not the book runner, or my RM doesn’t have any client holding or waiting to sell that particular bond).

They’ll search (presumably from their network of contacts interbank) until they find one, give me a quote, and I negotiate. Once I’m happy with the purchase price (and the margin they’ll make off me), I deposit the money into my trading account.

Voice log to confirm I approve of the transaction.

Wait for the bond to appear in my portfolio balance sheet.

On the other hand, when I got rid of my Credit Suisse bonds, I voice logged the OK for the bonds to be transferred out of my custodian account after a price was agreed upon. Really as simple as that.

I believe it’s no different from transferring bonds from one custodian account in one bank (eg OCBC, where I’m actually in the process of moving a few bonds over) to another (UOB, since I prefer the better user interface of their App which allows me to monitor the price near real-time).

This post has been edited by hksgmy: Jun 6 2024, 12:35 AM

Sorry, missed your second part… yes, transfer bond out of custodian account first.

There has to be a degree of trust that my holdings won’t get usurped or go MIA…. After all, the entire transaction is voice logged, and I don’t think any of my RMs would wanna go rogue over $250,000 or $500,000 worth of bonds la.

This post has been edited by hksgmy: Jun 6 2024, 12:34 AM

that is a big difference from
say i have DRB hicom bond in CIMB,
I can simply sell that DRB Hicom bond bought in CIMB in open market in any other bank
where their buyers are willing to pay higher price,,,

without first doing a transfer

which ultimately comes to this conclusion

You buy bond in Bank A, you cannot simply sell that bond at Bank B
unless you have first transferred that bond out to bank B

in other words
you cannot cross sell
you can only sell where your bond is custodised
ie you can only sell it locally at that particular one bank
not any other bank.

Ah, ok. I see what you mean. Thanks for the clarification.

To me, as I’m able to sell it (albeit after a transfer), it really doesn’t make a difference insofar as getting the best price is concerned.

At the end of the day, I’m not so bothered by the nitty gritty pedantic details. As long as my objectives are met.

fact is..............not difficult at all

my RM would do it all for me....
best part is FSM no fee
CIMB also FOC.

I rest my case… easy like A, B and C.

guy3288 Bro, HSBC had a batch of perp bonds today, callable 14/12/29.

did any of your RM manage to get this for you? Quite a good deal - the final coupon was 5.25% because over subscribed by $1b. I made a bid for 6, they only allocated 2 for me. Had to use both Maybank and UOB to secure - one each.



This post has been edited by hksgmy: Jun 7 2024, 05:56 PM

No. before i dumped into ASM recently i asked for any good bond.

whoa that HSBC so laku,,, did you have to pay a premium?

give more details lah... i can look for it at FSM..
bond code or ID?
share your bond details like i always share here
like this

I originally did post a photo but was worried that it was inappropriate, so here you go:

Edited to remove the photo... if they can report a post of mine for asking what currency is the bond denominated in, I'm not taking chances...

This post has been edited by hksgmy: Jun 8 2024, 11:06 AM

Yes, 50c premium, no rebate. So I paid $251,250 per bond, which I felt was acceptable

how can it be inappropriate?
people need details for it to be useful.

previously you talked as if Singapore bonds were all sold PAR.. got rebate lagi.

no chance here,we always pay a premium
and much more than just 50cent

so this time is different?
and that is BBB bond........
out of desperation?

Yes. If the banks are the book runners, I usually get rebates from Maybank but hardly ever from DBS or UOB. This time, Maybank not the book runners. And 1B oversubscribed… super not likely

Edited to add Maybank’s RM msg and my response:



This post has been edited by hksgmy: Jun 7 2024, 07:22 PM

Perp bonds will find it hard to get a higher rating. It’s always like that. And, I bank with HSBC and the bulk of my AUD wealth is held with them. I figured if I don’t trust the bank and its fundamentals, why would I want to hold money with HSBC?

It’s sorta the same kind of kindergarten logic that I apply when buying stocks of DBS, UOB, OBCB and Maybank… I bank with these guys in Singapore, so if I don’t trust them, why would I continue to keep my money with them? Hahah.

This post has been edited by hksgmy: Jun 7 2024, 07:11 PM