SGD New Issue Alert : Marco Polo Marine
Issuer: Marco Polo Marine Ltd.
Status: Senior, unsecured
Format: Reg S, S274 & 275 of Singapore SFA
Tenor: 3 Years
Issue Size: TBD
Yield: 5.75% p.a
Payment: Semi-annual, actual/365 (fixed)
Issue Date: 18 Oct 2013
Maturity Date: 18 Oct 2016
Details: SGD250K/MTN Programme/Singapore Law/CDP/SGX-ST
Hot off the junk bond centre news. Hats off and salute. Penny stocks are back !!
Market Cap : SGD 131 mio
Analyst coverage : 2
I have a problem trying to compare this name to the names suggested – Nam Cheong, ASL and Ezra.
ASL Marine 4.75 2017 @ 99.85,4.80%
NCLSP 5 2017 @ 100.90, 4.74%
Ezra 5 2015 @ 101, 4.44%
For 5.75% ? and no liquidity and with the markets holding off penny stocks, I am hardly compelled.