in 5 years, not sure what would happen to this company. if a bad decision or some unfortunate event unfolds, the capital is gone. Look at country garden, it was untouchable and now ?

"Chinese property giant Country Garden Holdings Co’s failure to make payments on its two dollar bond coupons due Aug 6 (Sunday) totalling US$22.5 million (RM103 million) has raised concerns over a cross-default on its Islamic Medium-Term Notes (IMTN) Programme in Malaysia.


The RM1.5 billion sukuk, issued by Country Garden’s Malaysian unit Country Garden Real Estate Sdn Bhd (CGRE), was first rated by RAM Ratings back in 2015."

i would take a rather moderate stand of getting 4% somewhere else, then gamble away +2 % and risk lose all.

caveat emptor.

This post has been edited by ccschua: Aug 9 2023, 01:41 PM

is this a special deal ? 250k bond and 250k FD at 6% ?

this is really deal sweetener. if i have the excess, i wudnt mind investing it it.