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Thread: BOND THREAD

  1. #41
    Triple Crown
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    Bro, what you said is so true.

    In fact, what intrigued me to the landed sector, there is also an interesting case.

    My wife, one of her ex-subordinate, a single lady in mid-40s, she lived in a HDB flat with her retired parents. She is a dog-lover, she has 3 purebred dogs, and so she was always complaining that, "aiyah, HDB flat ah no room for her dogs la, her dogs not enough exercise la, pangsai very troublesome la...etc". She vowed to get a landed just for the dogs, and no terrace, must be semi-d with a big compound for the dogs to run on...

    And so, early 2009, she bought a semi-d, FH, at the area just a short distance from where FEO's Cabana is, a rather nice terrained place. $1.4 mil, put in another $700,000 for reconstruction, totaled $2.1 mil. Moved in with her dogs, her parents rented out the HDB, living happily seeing her happy dogs.

    But where are they now?

    About 4 months ago, my wife received her resignation, she sold the semi-d at $4.8 mil, and migrated everyone to Vancouver Canada, together with the dogs (she got the PR there, and her parents still on social visit passes). Bought a house there at about $300,000 Canadian, and in progress of opening a small cafe to keep herself busy while looking for a permanent job.

    So, she has not been the one sophisticated about investment, parked all her money in FDs basically, indulged on her dogs etc, and the dogs led her to a decision that changed her life totally.


  2. #42
    Junior
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    Nov 2008
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    How many lucky people are like that? I rather be lucky then smart. But if you have both, Shiok.

    This is what I call a total alignment of stars. Right time, right place, Everything fall in place. She also has done many good deeds in life and this is the return she received. I strongly believe in Karma. If people do you wrong, ignore them. If you want, do good deeds but expect no return but somehow the returns will find their way to you.

    Enjoy your landed. You deserve it.

    Quote Originally Posted by Secretariat
    Bro, what you said is so true.

    In fact, what intrigued me to the landed sector, there is also an interesting case.

    My wife, one of her ex-subordinate, a single lady in mid-40s, she lived in a HDB flat with her retired parents. She is a dog-lover, she has 3 purebred dogs, and so she was always complaining that, "aiyah, HDB flat ah no room for her dogs la, her dogs not enough exercise la, pangsai very troublesome la...etc". She vowed to get a landed just for the dogs, and no terrace, must be semi-d with a big compound for the dogs to run on...

    And so, early 2009, she bought a semi-d, FH, at the area just a short distance from where FEO's Cabana is, a rather nice terrained place. $1.4 mil, put in another $700,000 for reconstruction, totaled $2.1 mil. Moved in with her dogs, her parents rented out the HDB, living happily seeing her happy dogs.

    But where are they now?

    About 4 months ago, my wife received her resignation, she sold the semi-d at $4.8 mil, and migrated everyone to Vancouver Canada, together with the dogs (she got the PR there, and her parents still on social visit passes). Bought a house there at about $300,000 Canadian, and in progress of opening a small cafe to keep herself busy while looking for a permanent job.

    So, she has not been the one sophisticated about investment, parked all her money in FDs basically, indulged on her dogs etc, and the dogs led her to a decision that changed her life totally.


  3. #43

    Default

    Quote Originally Posted by Secretariat
    So, she has not been the one sophisticated about investment, parked all her money in FDs basically, indulged on her dogs etc, and the dogs led her to a decision that changed her life totally.
    走狗屎运
    i sibei jealous


  4. #44
    Junior
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    Nov 2008
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    Quote Originally Posted by taggy
    走狗屎运
    i sibei jealous
    Bro, dont be jealous. Be happy. Because got such people, there is a possibility that your turn might come.

    I am always happy when I hear of people's success and sad when I hear of their failure.

    Second option, keep 3 big dogs. Hahaha. Second option is just TCSS.


  5. #45
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    Quote Originally Posted by taggy
    走狗屎运
    i sibei jealous
    Woof, woof....hahaha

    Oh yes, she is a very nice lady. Quite pretty also, but no love here in Singapore. Maybe in Canada.


  6. #46

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    how does she has so much money to buy and reno the landed ?

    amazing lady


  7. #47
    dreaming a dream
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    Apr 2012
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    ABN Amro finds liquidity in Singapore dollar bond market


    ABN Amro wades into the Singapore market with a S$1 billion tier-2 issue as banks look to shore up their capital structures.

    By Denise Wee | 18 October 2012
    Keywords: abn amro | singapore dollar bond | tier 2 | hybrid | loss absorption | dbs | ubs | standard chartered






    With Basel III around the corner, banks worldwide are looking to shore up their capital. Last night, ABN Amro closed a S$1 billion ($822 million) tier-2 issue, and proved that there is ample demand for European hybrid paper in the Singapore dollar bond market. The deal attracted a whopping S$17 billion of orders from 170 accounts.
    “It was the first public bond deal for ABN Amro in the Sing dollar market, and they achieved cost savings of about 30bp compared to the dollar market for the same structure,” said a source. “There is clearly unfulfilled demand for European bank paper in Singapore dollars.”
    The Dutch bank does not do much business in Singapore — not enough to justify raising S$1 billion anyway — and the bank is expected to swap the proceeds.
    The tier-2 paper has a loss-absorption feature, so it was also a test of investor appetite for such bonds. They will have statutory loss absorption only if ABN’s regulatory regime in the Netherlands calls for it.
    The 10-year non-call five-year bond priced at a yield of 4.7%, at the tight end of the 4.7% to 4.8% final guidance. The hybrid priced at a spread of 379bp over the five-year swap offer rate (SOR). There is a single reset at the fifth year at a spread of 379bp over the prevailing five-year SOR if the bonds are not called, and no step up.
    Singapore investors were allocated 65%, other Asian investors 31% and European investors 4%. Private banks were allocated 58%, fund managers 31%, banks 5%, insurers 3% and other investors 3%.
    ABN Amro is rated A2 by Moody’s and A+ by Standard & Poor’s and Fitch, but the subordinated bond was a few notches lower and is expected to be rated BBB+ by S&P and BBB by Fitch.
    DBS, Standard Chartered and UBS were joint bookrunners.


    © Haymarket Media Limited. All rights reserved.


  8. #48
    dreaming a dream
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    Quote Originally Posted by Lovelle
    how does she has so much money to buy and reno the landed ?

    amazing lady
    and this lady is Secretariat's wife's subordinate.. if her subordinate is earning enough to do a downpayment (using 20% as the bare minimum but maybe she paid down more?) + reno of at least 1mil, then imagine how much Secretariat's wife is earning!


  9. #49

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    Quote Originally Posted by Vincegoh
    and this lady is Secretariat's wife's subordinate.. if her subordinate is earning enough to do a downpayment (using 20% as the bare minimum but maybe she paid down more?) + reno of at least 1mil, then imagine how much Secretariat's wife is earning!
    i am sure Secretariet also richie rich as he himself also made from landed. "He and his wife bought a landed each"....


  10. #50
    dreaming a dream
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    Quote Originally Posted by Lovelle
    i am sure Secretariet also richie rich as he himself also made from landed. "He and his wife bought a landed each"....
    poorie poor like me always admire these pple... hopefully when i'm 40 i can also emulate them and be able to plonk down 700k on renovation!


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