The Nikko AM SGD Investment Grade Corporate Bond ETF (Nikko IG Corp Bond ETF) started trading on the Singapore Exchange today.
Each ETF was priced at $1 at IPO. Indicative yield to maturity is 3.2% per annum. (Source: Nikko AM via Business Times). Dividend will be paid once a year on the ETF based on the coupon (interest income) received from the basket of corporate bonds.
The last price on trade today was $1.002. The total value traded today was $675,121. Gain in value of each unit was 0.2% above IPO price.
82.98 million units of this ETF was admitted to the official list of SGX-ST based on the latest announcement (24 August 2018).
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