Nikko AM SGD IG Corporate Bond ETF started trading today

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).

Blog post is for information purposes.

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