The Business Times
business-time-50
SUBSCRIBERS

Trading suspension of Hyflux perps leaves investors out on a limb

With its non-redemption on first call date, analysts fear new issuers would have to pay a premium

google-preferred-sourceAdd BT as a preferred source
Published Wed, May 23, 2018 · 09:50 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    Singapore

    INVESTORS who bought Hyflux's perpetual securities are reeling from the company's suspension of trading in the securities, as the firm said it will not pay the coupon interest on the notes, while in February it said it will not redeem an earlier issue on first call.

    There are two Hyflux perp issues outstanding. In April 2011, it sold S$400 million 6 per cent perpetuals, with the first call date in April 2018; half of that issue was earmarked for retail.

    HyfluxSwiberEzraiFastPerpetuals

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback

    TRENDING NOW

    Chinese Foreign Minister Wang Yi stopped short of explicitly naming the US or Israel as aggressors, a telling omission from a country that otherwise speaks with little diplomatic timidity.

    Beijing’s calculated silence on the Iran war 

    Eu Yan Sang group chairman Richard Eu has been with the company since 1989 and has seen plenty of change over the years, such as how employees view their jobs.

    Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant

    DBS filed the bankruptcy application after serving statutory demands to the directors of Autobahn Rent A Car in December 2025.

    Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS

    Property-based taxes may have limited room to run – and pushing them further risks hitting the wrong people, observers say.

    In taxing wealth, how far can Singapore push property owners?

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More