And yeah, I saw what you posted about the premium re Malaysian bonds. Crazy money grab. It’s like an extra one or two ringgit per unit… that’s almost like secondary market level of profit for the bankers…

you guys are lucky there
here book runner or not
bankers dont give a hoot (PAR price) what more rebate...
unless bonds yang tak laku maybe


whoa that is really kindergarten logic bro..

you mean if this subordinated BBB bond koyak, HSBC must be bankrupt close shop?
and your other wealths with HSBC would all be burnt?

No bro that is a fallacy.
It is far from that.

This bond can default or even be written off by HSBC
and yet HSBC still open for business

that is how risky perpetual bond can be
i know you can afford to burn a lot or 2 of your bonds..but that is another matter.

How senior each of your wealth in HSBC matters
Not semua pun sama.
FD tops the rank
then senior secured bond ,,,, down to junior subordinated..


Yeah i paid RM102 for Hicom bond at CIMB, at MBB it was RM101.50 and FSM only 100.50
but that doesnt mean at secondary market the bankers make more profits

In a way, if HSBC were to default on the bond, it would affect their ability to raise further funds in the future, and that would mean they are in some serious shit. Reputation is of importance to the issuer.

Anyway, it’s a rated bond, and belongs on the recommended investment grade list on both banks (MBB and UOB) so I’m going with that. Fingers crossed my kindergarten logic won’t play me out hahaha

This post has been edited by hksgmy: Jun 7 2024, 09:39 PM

you have forgotten what your bond insider said earlier?

PS
Dont worry bro
not meant to scare you..
i bought even riskier bond than that

??? hksgmy is talking about apple, you are talking about... i don't know what.

apple here is issuer. go back to read properly whose reputation I am referring to. you should not simply claim things I never said.

whoa bro

say what you mean and mean what you say.

here is what i said when i defended CIMB bankers, the bank

i argued you becos i dont agree with you that bankers can simply
manipulate bond prices they like, simply push up another RNM5 also can you claimed.
i said they need keep reputation, you rebutted No!
as if you know them better than me.

see what you said here. Responding to my post above, who else could you meant to say
dont value reputation?? Not bankers CIMB?

hksgmy is talking about HSBC being the issuer, and hence the reputation of HSBC as the issuer.

You defending CIMB about their reputation is what reputation? reputation as entity selling you products is almost of no value... its like a hospital charging you 30rm for 1 strip of paracetamol.

Both yourself and hksgmy can refute if what I mention here is off or not relevant to your discussion. not understanding the difference between issuer and sales platform is ...


This post has been edited by Wedchar2912: Jun 7 2024, 11:21 PM

Wow HSBC offering 5.25%? AT1 Bond from HSBC? The best I can get is the Genting M 5 years 4.92%... sad.

bro dont forget people reading in here are not all stupid

Are you saying:

1)a bank needs reputation only when it is selling its own bond?

2)When the bank is selling others bond , it dont need reputation?
can simply hantam and manipulate bond prices?

i wonder how many people in here agree with that.

what say you? @hksgmy and @joeblow

This post has been edited by guy3288: Jun 7 2024, 11:35 PM

del double


This post has been edited by guy3288: Jun 7 2024, 11:34 PM

ok... looks like you still like to claim things.

i will no longer entertain your silliness ... and I hope I remember it moving forward.

All best with your bond investments!

You got what I mean. These are HSBC bonds, and unless HSBC wants to go the way of Credit Suisse, which I hope not, and unless HSBC wants additional costs associated with borrowing in the future, it’s in HSBC’s best interest to honour its commitments to the bonds, which include paying the coupons on time, and adjusting the coupon set point when due, and redeeming the bonds when applicable. This is a perp bond, which means there is a chance I’ll have to hold till I die, but that’s the way I buy bonds - for the income, and at 5.25%, it’s really not a bad yield.

This post has been edited by hksgmy: Jun 8 2024, 01:51 AM

Yeah, IMHO, this is one of the better SGD denominated bonds that came up recently. The last time something so juicy was UOB’s 5.25% perpetuals, which I managed to snare a few of them. Those are all trading in positive territory too, so happy days.

This post has been edited by hksgmy: Jun 8 2024, 02:26 AM

Bro, we’re all here to help and learn from each other.

IMVHO, the burden of maintaining a reputation is heavier on the issuer than the sales platform although depending on who you deal with at an individual level, the banker may take an outsized interest to protect his or her reputation and in doing so, indirectly protect me, the buyer.

Again, I speak from personal experience because my banker in Maybank Private onboarded me as one of her first/earliest Private client, as did my UOB and DBS bankers, so they tend to take my portfolios with them very personally (which was amply demonstrated by how the Maybank banker reacted and advised me on my Credit Suisse bonds bought on her recommendation previously).

But this is an outlier more than anything else. Maybank does not owe me a duty of care - it’s merely a sales platform. If my RM didn’t take it upon herself to keep her ear to the ground to listen for early warning signs, I might have very well woke up that morning realising that I’d just lost $500,000 of Credit Suisse bonds.

Instead, when CS issued a second tranche of AT1 bonds that caught even the Qataris off guard, she told me to sell now, as I was already in the black.

So, yes, the RM’s reputation is important and that’s why I’ve consistently bought bonds from her, now totally some 60 odd bonds with her alone. But make no mistake, Maybank as the seller, isn’t there to look after my interests. I was lucky that I had the banker I did.

This post has been edited by hksgmy: Jun 8 2024, 12:52 AM

bro i am a critical reader, i dont claim things
i call a spade a spade.

if you had posted something incorrect or illogical and querried
you should just address the issue direct not skirting on silliness excuses

you may want us to believe you being a bond insider, you knew what we dont know.
when we found out the opposite no need to get angry and run.

trying to rebut my point that customers are not stupid to be manipulated you insisted we had no choice
see 2 posts below here
hksgmy just proved you wrong he can sell open market get best price in any other bank

this is again wrong yet you butted in to remind us again near impossible to transfer bond
see what is the fact below.

Eh eh, don’t lah drag me into this bro… I was merely sharing good news and suddenly I find myself in the crossfire…

Sometimes, it may not be a good thing to be too kind in sharing info.

Like I wonder if one fine day, I come to you and said a friend of mine needed to do a bypass, can you do it? Simple procedure rite? A B and C only mah. The patient sign doc, go to sleep and tomorrow wake up. Lol. U r a doctor you know. Haha.

Just have to tease you

i cannot believe it when someone come tell me bankers dont value their reputation dealing us
mind you we are no ordinary bank customers

to justify the above he pushed up all those untenable points which are wrong.

do you agree on his saying bankers manipulate bond prices as they like
can push up extra RM5 as they like? you kena before??

i wont believe it untill i see it

everytime we buy a bond everything is laid bare to see
we see it we accept only we buy, right

where got such a thing no transparency nonsense?

use that example of DRB Hicom bond prices
at launching
and 1 week later
at 3 diferrent places

1. FSM RM100.50 and RM101.50
2. MBB RM101.50 and RM102.20
3, CIMB RM102 and RM103.20

would you say that is price manipulation when there is a difference?

Bankers will not be able to push IPO prices much. They are quite upfront about the margin. If there is a rebate and I get to buy in at par, it’s even more transparent. If not, like this latest tranche, then I can tell you both UOB and MBB quoted me the same price of 100.5, profit margin of $1,250 which is very reasonable.

However, when it comes to buying from secondary market, it’s not so clear cut. I managed to get a higher price for the bonds I was selling because my banker managed to push her contact’s buyer to accept a higher offer. Say I received an offer to sell my SingTel bond at 98.5 and I countered by saying I want 99.5, my banker will work hard to try to secure my counter, taking into consideration the margin she’s willing to shave off on her and her contact’s end. So, they may counter the potential buyer with 100.5 and they split the difference between themselves.

That’s happened to me as a seller and as a buyer before.

bro be brave to call a spade a spade

unless you also cant stand on what you have posted.

perhaps you havent heard the Chinese saying

"good intention do bad things " something like "hau xin zhuo hwai sze"
by sharing wrong informations...........and not correcting them