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F1 IPO To Be Sold Via Stapled Securites

F1 IPO To Be Sold Via Stapled Securites

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Nick Offline
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#1
24-05-2012, 09:26 PM
http://blogs.wsj.com/deals/2012/05/24/f1...securites/ [Article]

Wow ! If true, this must be a first in SGX with a share + 10% coupon bond maturing in 2060 deal.
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KopiKat Offline
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#2
24-05-2012, 10:28 PM (This post was last modified: 24-05-2012, 10:28 PM by KopiKat.)
(24-05-2012, 09:26 PM)Nick Wrote: http://blogs.wsj.com/deals/2012/05/24/f1...securites/ [Article]

Wow ! If true, this must be a first in SGX with a share + 10% coupon bond maturing in 2060 deal.

Quote:The IPO is the first such structured offering in Singapore wherein the company will offer shares stapled with a loan note. This means the shares and the loan note will be bundled as one stapled security and cannot be traded or sold separately

What if it's a $4 Share + $1 Bond (10% coupon) and they don't intend to pay any Dividend for the Share (since they have debts to service or pay down)? Neither is it projected to grow? Still attractive? Big Grin
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