Advanced Theory & Practice of Bonds

Recognized under IBF-FTS | 7-8 June 2022 | 12 CPD Hours

Comprehensive 2-day course on bonds designed for private bankers, wealth managers and advisors.

Property giant Country Garden plans to raise HK$15.5bn ($2bn) via a share sale and a convertible bond issue. Proceeds from the issuance will be used to fund merger and acquisition projects. The share sale by the property management arm would amount to HK$10.5bn ($1.35bn) at HK$75.25/share. Convertible bonds would fill the remaining HK$5bn ($650mn) of the issuance with a conversion price of HK$97.83/share.

Country Garden’s bonds were flat – its USD 4.8% 2030s were at 104.9, yielding 4.06% and its 7.125% 2022s were at 103.6, yielding 1.6%.

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