wonder why no one is rushing to buy these secure bonds
http://www.sharejunction.com/sharejunction/viewStock.htm?id=15121
they pay 6 per cent
better than lehman brother
also there is ocbc ncps 4.2 and 4.5 per cent on sale
why no one is rushing to buy these bonds
they are not like lehman minibonds
these are Non convertable prefernce shares (NCPS)
that means they are 'shares' and not 'debt'
now OCBC 4.5% NCPS is selling at 80 cent per share
that means its yeild is far more than 4.5 % per yr
(I dont know the math, but the yeild should be more than 6% per year
I still wondering why the mini bond holder din buy these
I know at that time they were selling at 106 dbs, 105 (ocbc)
DBS now at99cent, ocbc 81 cents
so I conculde that the lehman brother moini bond arejust plain greedy, with a few exception
http://www.sharejunction.com/sharejunction/viewStock.htm?id=15121
they pay 6 per cent
better than lehman brother
also there is ocbc ncps 4.2 and 4.5 per cent on sale
why no one is rushing to buy these bonds
they are not like lehman minibonds
these are Non convertable prefernce shares (NCPS)
that means they are 'shares' and not 'debt'
now OCBC 4.5% NCPS is selling at 80 cent per share
that means its yeild is far more than 4.5 % per yr
(I dont know the math, but the yeild should be more than 6% per year
I still wondering why the mini bond holder din buy these
I know at that time they were selling at 106 dbs, 105 (ocbc)
DBS now at99cent, ocbc 81 cents
so I conculde that the lehman brother moini bond arejust plain greedy, with a few exception
