Strong take-up of HSBC bond issue
Pre-placement for a new HSBC bond carrying a coupon on 5.9% was over-subscribed by 2.54 times today, HSBC announced.
Total demand exceeded €38 million compared to maximum allotment of €15 million.
The €25 million bond issue subject to an over-allotment option of up to a further €5 million was announced on Monday. The balance of €15 million will be available to the public on Wednesday, September 25. Applications by the public may be made for a minimum of €2,500 (nominal) and in multiples of €100 thereafter.
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A Daley
Sep 19th 2008, 21:50
When a Bank issues these Bonds, it always gives reasons for doing so.
So far, nothing.
So, Maria Busuttil and Manuel Mifsud, is HSBC Malta issuing these Bonds to strengthen the Capital base of the Bank, or for a planned future expansion?
Unless one has the answer/s to the above, one cannot comment!
If HSBC wants our money, we are ENTITLED TO KNOW!
l Galea
Sep 19th 2008, 20:52
@maria busuttil
Do you know who are those who subscribed or how many were the investors?
Do you think that most of them are workers who are trying to make ends meet or were they those who have money stashed away and took the opportunity to invest it?
As an example, ten people may invest €1,000,000, but does that mean that they all invest €100,000?
Certainly not, for 1 person alone may have invested €990,000 and the other 9 had invested the rest.
Dos that make everybody rich?
I think that the Income Tax department would do well to investigate who were the investors, what amount they had invested and whether the money invested had all been declared for tax purposes.
maria busuttil
Sep 19th 2008, 17:16
And thepeople keep complaining th they cannot cope with the rise in things ! Living is getting tougher! but still, this shows that the maltese stil haave alot of money to save and buystocks or shares, good luck to all, but please stop complaining! Well done Malta and the Maltese, it shows they are in good hands.
Manuel Mifsud
Sep 19th 2008, 17:02
The prophets of doom and gloom are always proved wrong. They rush to send negative comments which could even be harmful but they never learn. Of course, they have every right to comment but, at the same time, they should be careful.