Thursday 25 November 2021

Earning Kopi Money via Temasek Bonds


The Temasek 1.8% Retail Bonds made its debut on markets today (25 November 2021). 

For the public tranche, everyone who applied is allocated some of the bond with those who applied $13,000 and less getting full allocation.

The allocation this time is good.

It closed at 1.01 according to SGX and this translated to a 0.8% - 1.1% gain depending on which price one has sold at.

I have applied and sold the bonds to earn some kopi money which will come handy as my friend is seemingly not leaving his job by this year and i have bet a cup of kopi that he this bond sale would have allowed me to standby the kopi money first.

How did I derive at the decision to apply for the bond?

I followed the comment found on a local forum.

As the comment is relatively fair and the ssb rates are truly well below 1.8%, i think that the chances of it opening underwater is relatively low, which is why it would be worth the risk.

No comments:

Post a Comment