Hey Singapore, Have You Thought Of This ? … And CDL New Issue Review
Qatari Emir Buys Six Greek Islands For $11 Million
Cheap and good solution to our housing problem. Build retirement villages there !
City Development Limited 5Y 2.45%. How uninteresting till you check its dividend yield which is a deflationary 1.14%, and hardly anything to even blink about.
Lord knows why they need the money too with SGD 2 bio of cash sitting in their books, which 50-100 mio of new bonds will be a rounding error.
So we can only conclude that they want the money because it is cheap and it will be the lowest coupon they have paid for 5 years for a while.
Why not buy a couple of dozen of those Greek islands and do something good with it ?