by Amruth Sundarkumar | Nov 9, 2021 | Corporates, Hong Kong
Hong Kong-based property company Far East Consortium’s (FEC) mortgage arm, BC Invest has acquired a 53% stake in Australian non-bank lender Mortgageport as part of a strategic partnership. Mortgageport has over A$1.5bn ($1.1bn) of mortgage assets under...
by Amruth Sundarkumar | Jun 18, 2021 | Corporates, Hong Kong
Far East Consortium (FEC) sold its four-star 267-room Dorset City London Hotel in Aldgate High Street for £115mn ($162.1mn). FEC units Mazuma Holdings and Dorsett Hospitality (UK) sold the property to Aldgate Hotel Bidco, a unit of US-based Highgate Hotels and...
by bondevalue | Mar 25, 2021 | Hong Kong, Investment Grade Bonds
Hong Kong-based banking major Bank of East Asia (BEA) announced the sale of its life insurance unit to insurance giant AIA for HKD 5.07bn ($653mn). As per SCMP, the transaction is the result of a strategic review called for by activist shareholder Elliott Management,...
by bondevalue | Jan 28, 2021 | Hong Kong
Hong Kong’s flag carrier Cathay Pacific announced on Wednesday that it is planning to sell 5Y convertible bonds denominated in Hong Kong dollars to shore up cash. The airline is looking to raise HKD 6bn ($774mn) with an option to upsize the deal further via 5Y...
by bondevalue | Sep 16, 2020 | Distressed / Defaulted Bonds, Hong Kong, Investment Grade Bonds, Macroeconomic news
Better economic data improved sentiment and lifted US and European markets as the FOMC meeting got underway. US factory output climbed 1% and Germany’s ZEW economic sentiment index came at 77.4 vs. 71.5 expected. Investors will look to the Fed meeting for...
by bondevalue | Jul 13, 2020 | Financial News, Global, High Yield Bonds, Hong Kong, Investment Grade Bonds
Wall Street gained on Friday after positive headlines from Remdesivir, Gilead Sciences’ antiviral drug, which came out claiming to reduce the risk of death and significantly improve conditions of severely ill patients. This comes despite surging cases in the US...
