How do I calculate the estimated receivable amount for bonds redemption? – Support

For Wholesale Bonds

The formula is: [(Nominal Value * Indicative Price) / 100] + Indicative Accrued Interest - Processing Fee (based on nominal value)

Example:

Bond Name: AAREIT 4.350% 05Dec2019 Corp (SGD)

Nominal Value: SGD 250,000

Indicative Price: SGD 106.51

Indicative Accrued Interest: SGD 4,782.05

Order Placement Date: 18th of Nov 2016

Processing Fee: 0.5% of nominal value, or subject to min SGD 35

[(SGD 250,000 * 106.51) / 100] + SGD 4,782.05 - (250,000 * 0.5%)

= 266,275.00 + 4,782.05 - 1,250.00

= SGD 269,807.05 (estimated amount payable)

If foreign currency conversion is involved in your redemption, we will convert your redemption proceeds at the prevailing currency conversion rate.

For Retail Bonds

The formula is: [(Nominal Value * Indicative Price) / 100] + Indicative Accrued Interest - Processing Fee (based on nominal value)

Example:

Bond Name: CIMBMK 5.800% Perpetual Corp (MYR)

Nominal Value: MYR 1,000

Indicative Price: MYR 102.424

Indicative Accrued Interest: MYR 21.13

Order Placement Date: 2nd of April 2019

Processing Fee: 0.5% of nominal value, or subject to min MYR 8.80

[(MYR 1,000 * 102.424) / 100] + MYR 21.13 - min of [(1,000 * 0.5%) OR MYR 8.80]

= MYR 1,024.24 + MYR 21.13 – MYR 8.80

= MYR 1036.33 (estimated amount payable)

If foreign currency conversion is involved in your redemption, we will convert your redemption proceeds at the prevailing currency conversion rate.