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SINGAPORE AIRLINES’RIGHTS 2021 MANDATORY CONVERTIBLE BONDS

$SIA 2021 MCBz300608# (YQ7B.SG)$
Just sharing some information here
SINGAPORE AIRLINES’RIGHTS 2021 MANDATORY CONVERTIBLE BONDS
SINGAPORE AIRLINES’RIGHTS 2021 MANDATORY CONVERTIBLE BONDS
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  • hh488 : How did it get $1697.97?  Adding up all the 6 half-yearly interest payments? That will happen in 2024.
    Also, was this bond sold at $1 in 2021? Not vested yet but may be interested.[undefined]

  • doctorpot1 hh488 : it is $169.797 for every 100 unit of this bond. This bond does not pay out any payment every 6 months, instead the interest is compounded. so this 169.797 figure is when all 18 months of interest is compounded together.

    When it is 24 dec 2022, the bond will be worth $106.121 per 100 unit. which means if SIA redeem the bond, they will be paying out $106.121 per 100 unit. but as you can see now it is only selling for $98.7 per 100 unit. so it is sold at a discount.