Credit Rating

Lai See

Next business opportunity is helping him collect royalties

Thursday, 20 May, 2010, 12:00am

Lehman claims push up BOCHK operating costs

Operating expenses at Bank of China (Hong Kong) soared 48.6 per cent in the first nine months of last year after it spent HK$3.24 billion to partly settle claims related to the Lehman Brothers minibond debacle.

4 Feb 2010 - 12:00am

Zendai Bund deal prompts Moody's review

Shanghai Zendai Property has requested its shares be suspended from trading after revealing it would pay a record 9.22 billion yuan (HK$10.5 billion) for a prime commercial site on the Bund, a purchase that prompted Moody's to put some of its debt under review.

3 Feb 2010 - 12:00am

CTI, i-Cable shares rise over free-to-air plans

Shares of i-Cable Communications and City Telecom (CTI) soared yesterday after both firms said they planned to offer free-to-air television services in Hong Kong, breaking the duopoly long held by Television Broadcasts and Asia Television.

5 Jan 2010 - 12:00am

Meadville surges 42pc on TTM deal

Meadville Holdings, majority-owned by the family of Chief Secretary Henry Tang Ying-yen, was the biggest gainer on the Hong Kong stock market yesterday on news it would delist and sell its printed circuit board business to Nasdaq-listed TTM Technologies for US$521 million.

18 Nov 2009 - 12:00am

Country Garden bonds net US$300m to fund projects

Country Garden Holdings yesterday became the first Chinese company to tap the junk-bond market since the outbreak of the financial crisis, raising US$300 million from a five-year, high-yield bond issue, according to investors and fund managers.

The developer hired JP Morgan as sole book runner on the transaction, which opened for investors on Tuesday and closed yesterday.

3 Sep 2009 - 12:00am

Dah Sing's credit rating under pressure over payout deal

Standard & Poor's ratings service has put Dah Sing Bank's credit rating on CreditWatch, with negative implications after a group of banks in Hong Kong agreed to a compensation deal to repay Lehman Brothers minibonds investors.

Dah Sing's long-term unsolicited rating is BBB-plus.

25 Jul 2009 - 12:00am

BEA (China) bond sale draws 6.3b yuan orders

Bank of East Asia (China), the mainland unit of Hong Kong's fifth-largest lender, said it had received about 6.3 billion yuan (HK$7.15 billion) in orders after its first yuan bond sale was completed in the city.

21 Jul 2009 - 12:00am

HKMC faces possible downgrade by Moody's

The Hong Kong Mortgage Corp, the largest bond issuer in the city, is facing a possible downgrade of its rating under a review by Moody's Investors Service.

4 Jun 2009 - 12:00am

Developers see trust finance as debt option

Mainland developers are looking at the possibility of raising quick funds through so-called 'trust financing plans' - a type of borrowing that has less stringent requirements than bank loans and corporate bonds but carries higher interest rates.

11 May 2009 - 12:00am

Asia Aluminum drops bond buy-back

Asia Aluminum Holdings, the region's largest processor of the metal, and its parent AA Investments have cancelled their joint offers to buy back US$985 million worth of high-yield bonds after a local government withdrew its support.

18 Mar 2009 - 12:00am

Hopson tumbles on report of probe against chairman

Hopson Development Holdings shares plunged as much as 50.62 per cent yesterday after a report that its chairman, Chu Mang-yee, was implicated in the criminal investigation of Wong Kwong-yu, the former chairman of Gome Electrical Appliances Holding.

21 Feb 2009 - 12:00am

GE Capital raises HK$1b in US-backed bond sale

The finance arm of General Electric has raised HK$1 billion from the sale of bonds backed by the United States government, the first such sale in an Asian currency.

5 Feb 2009 - 12:00am

Macau plays fall on grim outlook

All leading Hong Kong gaming-related stocks declined yesterday after the release of Macau gaming figures for last year and analysts' expectations of a shaky outlook this year.

20 Jan 2009 - 12:00am

HK moves up investment prospect rankings of 20 Asia-Pacific cities

Hong Kong ranks third after Tokyo and Singapore among 20 Asia-Pacific cities for property investment prospects next year, according to a survey.

9 Dec 2008 - 12:00am