21 May 2015

Fraser Centrepoint Retail bond(3.65%) Results are out !

Yesterday 20 May 2015 was the due date for subscribing to the IPO of Fraser Retail Bond.  In the past, I tried to subscribe to IPO and I usually ends up with single lots. To my surprise, I got all the lots allocated for this bond.

If you have balloted, do login to your bank account either DBS, UOB or OCBC to check your status.
Here is how it looks like on UOB.

So it will be 7 years to hold till maturity or I can sell it straight off for a small profit if I don't intend to keep it. The yield for this retail trench is 3.75% .

Why waste time on Savings Bond or Insurance that pays lesser than 3%.

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