Thank you for the recent article on the Temasek T2023-S$ bonds. I’m glad I received my allotted lots.
I would like to ask, how will I be receiving the coupon payments, and upon the maturity of the bond, will the monetary value of the bond be automatically credited to me, or do I need my broker to help me redeem the bond?
DollarsAndSense Answers:
First of all, congratulations on your allotment!
As you know, the Temasek T2023-S$ bonds are held in your CDP account and can be traded on SGX.
As with other stocks and bonds held in your CDP, dividends and coupon payments will be credited to you by CDP, in the form of a cheque or bank transfer, which you specified when registering for your CDP account.
Upon maturity, your investment will likewise be credited to you, without any intervention from your broker. Your brokerage will only be involved if you wish to sell your bond before maturity.
Read Also: Step-By-Step Guide To Opening A CDP Account In Singapore