A going-public bond offering a cash option
Article Abstract:
New World China Finance, a subsidiary of New World Development Company Ltd., issued $350 million in four percent, going-public convertible bonds with a maturation date of Dec 31, 1999. The bonds offering, which was handled by HSBC Investment Bank Asia, was priced at a premium of 140 basis points over US Treasury securities. The New World China Finance bonds, which are guaranteed New World Development, will have an effective yield of 7.276%.
Publication Name: Asiamoney
Subject: Business
ISSN: 1607-0526
Year: 1996
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The survival of the fittest
Article Abstract:
The Filipino banking industry has seen its loan portfolio increase by 42% in 1996; in the past five years, the industry's loan portfolio has increased by by 32% annually. However, growth in deposits has only increased by 30% annually with the result that the loan-to-deposit ratio has increased to an average of 95% by year-end 1996, up from 85% in 1995.
Publication Name: Asiamoney
Subject: Business
ISSN: 1607-0526
Year: 1997
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