11-06-2020, 07:49 PM
As the name suggests, the MCB will be converted into ordinary shares upon maturity, which means that instead of cash, bondholders will be paid an equivalent amount of SIA shares based on a conversion price of SGD 4.84 (subject to adjustments by SIA).
I think there is too much speculation about the MCB being redeemed before maturity. This is probably the 'hook'... But, yes... I would second Squirrel's recommendation to go back to read the thread.
Or you can read Fundsupermart's write up:
https://secure.fundsupermart.com/fsm/art...ghts-issue
I think there is too much speculation about the MCB being redeemed before maturity. This is probably the 'hook'... But, yes... I would second Squirrel's recommendation to go back to read the thread.
Or you can read Fundsupermart's write up:
https://secure.fundsupermart.com/fsm/art...ghts-issue