RE: Bond14 Jun 2023 10:25
Unlike ordinary shares, you pay the accrued interest when you buy bonds. There is therefore no benefit to buying shortly before the interest is due. In fact, there is a slight disadvantage because there is always a very small risk that the interest will not be paid for some reason. In the case of a maturing bond like IPF2, there may be beneficial terms to existing bondholders depending on how they choose to refinance.
I hold IPF2 and IPF3 and believe the risk/reward is attractive compared to alternatives, including IPF shares. Just my opinion.