Hey Singapore, Have You Thought Of This ? … And CDL New Issue Review

Qatari Emir Buys Six Greek Islands For $11 Million

Read more: http://www.businessinsider.com/qatari-emir-buys-six-greek-islands-for-11-million-2013-3#ixzz2Md4e1dCw

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 ?