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According to a Citi report, HENDERSON LAND (00012.HK) plans to issue HKD8 billion convertible bonds (CB). CB refinancing seems to be a solution for its estimated annual capital expenditure of HKD7-8 billion (including Central Site 3: around HKD2 billion), but it is relatively small compared to its borrowings (HKD86 billion by De...
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Joseph Tsang, Chairman of JLL in Hong Kong, commented that the local property market is grappling between bulls and bears, leading to unclear price trends. Positive factors included declining HIBOR, rising stock markets, and reduced stamp duty for properties valued between HKD3 million and HKD4 million. However, headwinds such a...
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HENDERSON LAND (00012.HK) has proposed issuing HKD8 billion convertible bonds, according to JPMorgan's report. Given its recent strong share price performance, this fundraising move was perhaps not entirely unexpected to the broker, though the choice of convertible bonds was somewhat surprising as it is not a common approach...
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HENDERSON LAND (00012.HK) has proposed to issue HKD8 billion convertible bonds due 2030 with an annual interest rate of 0.5% and an initial conversion price of HKD36, a 26.98% premium over yesterday's (8th) closing price. The bonds can be converted into around 222 million new shares, equivalent to 4.39% of the enlarged share...
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HENDERSON LAND (00012.HK) proposed to issue $8 billion worth of convertible bonds due in 2030, with an annual coupon rate of 0.5%. The initial conversion price is $36, representing a premium of 26.98% over yesterday (8th)'s closing price. Approximately 222 million new shares can be converted, equivalent to 4.39% of its enlar...
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