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.

Hong Kong based real estate developer Road King Infrastructure (RKI) is set to have its third consecutive weekend of bumper sales, having sold over 70% of the units on offer this past weekend. RKI, rated Ba3/BB-, sold 120 units out of the 168 units on offer at its South Land project at the Wong Chuk Hang subway station, the first residential property development atop a public transport terminal in nearly three decades, as per the SCMP. This comes after the developer sold 433 flats worth HKD 9.4bn ($1.2bn) in the prior two weekends. The strong demand underscores Hong Kong’s economic recovery following an expansion of 7.9% in Q1, the largest in 11 years. Midland Realty’s residential division chief executive Sammy Po explains, “Along with a low interest rate environment and ample liquidity, the coronavirus situation in Hong Kong has been contained quite well and the economy has also seen a strong rebound. All these factors are sending positive signals to prospective buyers, [encouraging them] to enter the market.”

Road King’s 5.2% 2026s are currently trading at 100.75 yielding 5.02% while its 7.95% perp callable in February next year is trading at 98.625 yielding 9.88%.

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