Chip Eng Seng 3 year 6.5% fixed rate notes

 I received an email from a stock broking firm about a 3 year fixed rate note issued by a subsidiary of Chip Eng Seng Corp (CESC) and guaranteed by the CESC.

It offers a coupon rate of 6.5% and is for 3 years. The note is described as "direct, unconditional, unsubordinated and unsecured".

Here are my personal view of this note.

https://fisca.sg/ArticleDisplay.aspx?ID=1127&Name=Chip-Eng-Seng-3-year-fixed-rate-notes&View=A