(24-05-2012, 09:26 PM)Nick Wrote: [ -> ]http://blogs.wsj.com/deals/2012/05/24/f1...securites/ [Article]
Wow ! If true, this must be a first in SGX with a share + 10% coupon bond maturing in 2060 deal.
Quote:The IPO is the first such structured offering in Singapore wherein the company will offer shares stapled with a loan note. This means the shares and the loan note will be bundled as one stapled security and cannot be traded or sold separately
What if it's a $4 Share + $1 Bond (10% coupon) and they don't intend to pay any Dividend for the Share (since they have debts to service or pay down)? Neither is it projected to grow? Still attractive?
