Astrea IV (RMRB.SI)

Date: 2018-06-18

Sold my Astrea IV allocation today.

Par: $100
Coupon: 4.35%
Payment interval: semi-annually
Maturity: 5y (soft, callable)/10y (hard, 0.5% step up)
Subscription fee: $2

Calc formula:

            PV = C/(1 + r) ¹ + C/(1 + r) ² + . . . + C/(1 + r) ^Y + B/(1 + r) ^Y

• PV is the price of a bond,
• C is the periodic coupon payment,
• r is the yield to maturity (YTM) of a bond,
• B is the par value or face value of a bond,
• Y is the number of years to maturity

A quick Excel formula is Yield function
= Yield (Today(), Date(2023,6,14), 4.35%, Price, 100, 2)

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鸡肋(in Chinese Pin ying: Ji1 Lei4): 食之无味, 弃之可惜.

• tasteless when eaten but a pity to throw away
• can't hurt you, but can't help you

Sold it at YTM=3.80%.

Pocket some petty cash, that's it. The end.