WU Shizhi 1155068485
Property Holdings Ltd is a real estate owner and developer. The group is one of the largest property developers in China. It develops and sells residential properties. It also operates in hotel and commercial properties industry. Agile has land in Hainan, Shanghai, Nanjing, Changzhou, Chengdu, Xi’an, Chongqing, Shenyang, Tianjing, Guangzhou, Foshan, Zhongshan, Huizhou and Heyuan.
62% stock shares of the company are held by Top Coast Investment Ltd whose major shore holder is the family of the founder of Agile. The second largest shareholder JP Morgan Chase & Co holds 4.38%. Dimensional Fund Advisors Ltd and Blackrock hold 1.18% and 1.16% shares, …show more content…
Straight Bond | 4/21/2010 | | Issue Size | USD 650mn | | Fund would be used to finance the redemption of the outstanding principal of the 2006 notes, and for general corporate purposes or transaction related fees and expenses. | | | | Currency | USD | | | | | | Tenor | 7 years | | | | | | Coupon | 8.875% | | | | | | Maturity Type | Callable | | | | | | | Convertible Bond | 4/6/2011 | | Issue Size | USD 500mn | | It is a way to obtain funding quickly. In 2011, the stock market is volatile. Issuing convertible bond can issue the stock share at premium if the market is good. If the bonds are not converted, the coupon rate can be lowered as well. | | | | Currency | USD | | | | | | Tenor | 5 years | | | | | | Coupon | 4.00% | | | | | | Conversion price | HKD 18.256 | | | | | | Premium | 40% | | | | | | Maturity Type | Put/Call | | | | | | | Straight