Question
You have been offered two kinds of corporate bonds and you need to make a recommendation on which bond should be selected to get the
You have been offered two kinds of corporate bonds and you need to make a recommendation on which bond should be selected to get the best investment return (or not to invest). The following is the information for the bonds: Note: The interest/discount rate in the given information is the Coupon Rate of the Bond.
1. The first bond is sold at a discount of 97% with a transaction cost of 1% from its face value. The other information about the bond is provided as follows: Adhi Karya (Persero) Tbk. PT - Security Name: Obligasi Berkelanjutan III Adhi Karya Tahap III Tahun 2025 SERI B - Issuer: ADHIKARYA (PERSERO) Tbk. PT - ISIN Code: IDA0001239B3 - Short Code: ADHI03BCN3 - Type: Straight Bonds - Listing Date: 25 May 2022 - Stock Exchange: DX - Status: Active - Nominal: 66.750.000.000.000 - Current Amount: 000 - Mature Date: 24 May 2027 - Interest/Disc Rate: 9% - Interest Type: Fixed - Interest Frequency: 3 months - Currency: IDR - From: Electronic - Effective Date ISIN: - - Day Count Basis: - - Activity Sector: Building Construction - Number of Securities: 0 (Total)
2. The second bond is sold at par 100% with a transaction cost of 2% from its face value. The other information about the bond is provided as follows: Astra Sedaya Finance. PT - Security Name: Obligasi Berkelanjutan V ASTRA SEDAYA FINANCE Tahap IV Tahun 2022 SERI B - Issuer: ASTRA SEDAYA FINANCE. PT - ISIN Code: IDA0001221B1 - Short Code: ASDF05BCN4 - Type: Straight Bonds - Listing Date: 23 March 2022 - Stock Exchange: DX - Status: Active - Nominal: 1.971.900.000.000.000 - Current Amount: 000 - Mature Date: 22 March 2025 - Interest/Disc Rate: 57% - Interest Type: Fixed - Interest Frequency: 3 months - Currency: IDR - From: Electronic - Effective Date ISIN: - - Day Count Basis: - - Activity Sector: Financial Institution - Number of Securities: 0 (Total)
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