How to Read the Bond Factsheet

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  • Published on 22 May 2015

How to Read the Bond Factsheet | Open a FREE FSMOne account and manage all your investments conveniently in ONE place

Analysing the merits of a bond investment can mean sifting through legal documents in search of pertinent information. To ease this process, Bonds@FSM has tabulated all relevant information and organised them in a bond factsheet. Here's a handy guide on how to read the bond factsheets at the Bonds@FSM website!

 

Bond "Name"

All bonds available on Bonds@FSM following the same naming convention:

  • In all caps, shortened name of bond issuer
    • Full name of bond issuer listed under the bond “name”
  • Annual coupon rate
  • Maturity date
  • Bond type: corporate or government
  • In parentheses, currency of bond

 

Latest Bond Yield, Prices, and Key Features

Pricing and yield details based on the bond’s latest market price. Also available at a glance are information on the bond’s complexity, suitability and special features.

Bond Complexity

All bonds available on Bonds@FSM are accorded one of three complexity rating – low, medium or high – to aid in your selection process.

Complexity rating Description of bonds

Low

Simple, plain vanilla bonds with no optionality.

Moderate

Bonds with embedded options.
Examples of such options include make-whole call option, change of control put option etc.

High

Bonds with equity-like features.
Examples of such bonds include perpetual bonds, convertible bonds, bonds with loss absorption features etc.

Investor Profile

All bonds available on Bonds@FSM are also assessed based on their compatibility for the three groups of bond investors – fixed income alternatives, stable income seekers, and high yield seekers.

Investor Profile Description of bonds
Fixed Deposit Alternative

Certificate of deposits, investment grade government or quasi-sovereign bonds.
Examples of investment grade quasi sovereign bonds include bonds issued by Singapore statutory boards such as the Land Transport Authority, Housing Development Board etc.

Stable Income Seeker

Investment grade corporate bonds.
Examples of investment grade corporate bonds include bonds issued by DBS Bank Ltd and Singapore Post Ltd.

High Yield Seeker

High yield corporates and non-investment grade government or quasi-sovereign bonds.
Examples of non-investment grade government bonds include bonds issued by the Indonesia government.

 

Bond Information

Key information on the bond, such as its coupon rate and minimum investment amount, is contained here in the Bond Information table. You may wish to refer to Common Terms and Jargon for Bond Investors for further explanation on the significance of these information and how they relate to your investment in the particular bond.

 

Pricing & Yield Details

Obtain historical bid and ask prices of the bond by clicking on the file icons.

 

Bond Performance

View the bond’s performance over various time periods using the charting functions. You can also toggle between the bond’s indexed performance and price charts easily using the tabs on top. To view the exact data points – date and the bond’s corresponding bid and ask prices – simply mouse over the chart.

 

Bond Calculator

Compute your potential gains with this bond using the Bond Calculator. To start, key in the notional value of your investment. The default is set to the minimum purchase amount as instructed by the bond’s offering document. Next, use the radio buttons to select either the market price, which will be the bond’s latest ask price (market order), or the maximum price you wish to purchase this bond for (limit order). The figures on the right – What You Pay and What You Get – will immediately reflect the changes in the calculator, giving you a quick assessment of your potential investment. In addition, you can mouse over the information icons to receive further explanation on the various fields such as Indicative Accrued Interest and Estimated Yield to Maturity.

 

Special Feature

Should the bond have embedded options or other special features that may affect its price, these options and their provisions will be detailed in this area.

The Research Team is part of iFAST Financial Pte Ltd.

All materials and contents found in this site are strictly for general circulation and informational purposes only and should not be considered as an offer, or solicitation, to deal in any of the funds or products found/identified in this site. While iFAST Financial Pte Ltd ("IFPL") has tried to provide accurate and timely information, there may be inadvertent delays, omissions, technical or factual inaccuracies and typographical errors. Any opinion or estimate contained in this report is made on a general basis and neither IFPL nor any of its servants or agents have given any consideration to nor have they or any of them made any investigation of the investment objective, financial situation or particular need of any user or reader, any specific person or group of persons. You should consider carefully if the products you are going to purchase are suitable for your investment objective, investment experience, risk tolerance and other personal circumstances. If you are uncertain about the suitability of the investment product, please seek advice from a financial adviser, before making a decision to purchase the investment product. Past performance is not indicative of future performance. The value of the investment products and the income from them may fall as well as rise. Opinions expressed herein are subject to change without notice. In respect of any matters arising from, or in connection with the said research analyses or research reports, recipients of the report are to contact IFPL at 10 Collyer Quay, #26-01 Ocean Financial Centre Building, Singapore 049315, or by telephone at +65 6557 2853. Where the report contains research analyses or research reports from a foreign research house and if the recipient of such research analyses or research reports is not an accredited investor, expert investor, institutional investor or an ex-accredited investor, IFPL accepts legal responsibility for the contents of such analyses or reports to such persons only to the extent as required by law. Please note that only certain security(ies) herein are available to all investors, while the rest are only available for certain persons to invest in, such as Accredited Investors (as defined in the Securities and Futures Act) or one who invests at least S$200,000 (or its equivalent currency) per transaction. To qualify as an Accredited Investor, one needs to submit a declaration form and certain relevant supporting documents, according to iFAST’s prevailing policies and procedures.

Please read our full disclaimers on the website at ( https://secure.fundsupermart.com/fsmone/policies/328125/investment-account-terms-&-conditions).

iFAST Financial Pte Ltd (IFPL) (registered address: 10 Collyer Quay #26-01 Ocean Financial Centre Singapore 049315, Telephone: 6557 2000) holds the Financial Advisers Licence issued by the Monetary Authority of Singapore ('MAS') to conduct regulated activities of advising on securities, marketing of collective investment schemes and arranging of any contract of insurance in respect of life policies, other than a contract of reinsurance and the Capital Markets Services Licence issued by the MAS to conduct regulated activities of dealing in securities and providing custodial services for securities. While IFPL has made every effort to ensure the independence of the report's contents, IFPL's nature of business is such that IFPL and its connected and associated entities together with their respective directors, officers and staff may be involved in providing dealing or investment-related services in the abovementioned securities, and have taken or may take positions in the securities mentioned in this report, and may also act as the principal for any buy or sell trades.

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