International bonds: Hong Kong Airlines, 7.125% perp., USD (XS1526108235)
| Status | Country of risk | Maturity (option) | Amount
i This field shows outstanding face value amount for outstanding bonds
| Issue ratings (M/S&P/F) |
|---|---|---|---|---|
| outstanding | Hong Kong | Undated (**/**/****) | 683,000,000 USD | ***/***/*** |
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Issue information
| Borrower | Hong Kong Airlines |
| SPV / Issuer | Blue Skyview |
| Bond type | Coupon bonds |
| Form of issue | Registered documentary bonds |
| Placement method | Open subscription |
| Placement type | Public |
| Par amount, integral multiple | 1,000 USD |
| Nominal of international bonds | 1,000 USD |
| Minimum settlement amount | 200,000 USD |
| Outstanding principal amount | 200,000 USD |
| Amount | 683,000,000 USD |
| Outstanding face value amount | 683,000,000 USD |
| Placement date | **/**/**** |
| Floating rate | Yes |
| Reference rate | 3Y UST Yield |
| Margin | 5.59 |
| Coupon Rate | Show Coupon Rate *.***% from the interest commencement date to **.**.****, *Y UST Yield from **.**.**** to maturity |
| Current coupon rate | 7.125% |
| Day count fraction | *** |
| ACI | *** (12/09/2019) |
| Coupon frequency | 2 time(s) per year |
| Interest accrual date | **/**/**** |
| Listing | Hong Kong S.E. |
Related issues
- Hong Kong Airlines, 6.9% 20jan2019, USD
- Hong Kong Airlines, 5.5% 1dec2019, USD
- Hong Kong Airlines, 7% 18jun2016, USD
- Hong Kong Airlines, 7.5% 4nov2016, CNY
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Cbonds ValuationiIndicative bond and international bond quotes by Cbonds are calculated based on the methodology. The end result of the methodology is a single end-of-day Cbonds quote, which is based on bid and ask data of various trading floors and contributors working with this asset. :
Indicative bond and international bond quotes by Cbonds are calculated based on the methodology. The end result of the methodology is a single end-of-day Cbonds quote, which is based on bid and ask data of various trading floors and contributors working with this asset.
| Trading floor | Date and time | Bid/ ask price (Yield) | Indicative price (Yield)
i Indicative price is used to calculate the effective yield, duration, modified duration and is calculated according to the following priority of prices: weighted average price (Average), market price (Market), closing price (Close), admitted price (Admitted), middle price (Mid), last price (Last). Indicative yield is calculated according to the following priority of yields: yield to maturity (effective), yield to put/call (effective), current yield.
| G-spread | T-spread, bp
i T-spread is calculated as the difference between the issue yield and the yield on government securities of the USA, Great Britain and Germany in the corresponding issue currency and with comparable modified duration (the calculations are based on the effective yields only). The value is computed only for issues in USD, EUR, GBP.
| |
|---|---|---|---|---|---|---|
i Indicative bond and international bond quotes by Cbonds are calculated based on the methodology described here http://ru.cbonds.com/organizations/docdownload/8715. The end result of the methodology is a single end-of-day Cbonds quote, which is based on bid and ask data of various trading floors and contributors working with this asset. Quotes are published both anonymously and publicly in the section Bond Quotes by Market Participants: http://cbonds.com/quotes/market/. These quotes are indicative only. Organizations posting the quotes have no obligations to conduct transactions at these prices. To learn the actual current prices, you need to contact the respective organization. Trading floor quotes are available at http://cbonds.com/quotes/. | 12/06/2019 | *** / *** (*** / ***) | *** (***) | *** | *** | Archive |
Bond Quotes by Market Participants
| Market participant | Date and time | Bid/ask or last price (Yield) | |
|---|---|---|---|
| Oceanwide Securities | 12/09/2019 09:55 | **.** (***.**) | |
| Orient Finance Holdings | 12/09/2019 08:33 | **.* (**.**) | |
| Zurich Cantonal Bank | 12/06/2019 | **.** / **.** (***.** / ***.**) | |
| Anonymous participant 6 | 12/06/2019 | **.* / **.* (***.** / ***.**) | |
| UOB-Kay Hian | 12/06/2019 | **.* / **.* (**.** / **.**) | |
| Anonymous participant 32 | 12/04/2019 | - / **.* (- / **.**) |
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Price chart
Stock exchange and OTC quotes
| Trading floor | Date and time | Bid/ ask price (Yield) | Indicative price (Yield)
i Indicative price is used to calculate the effective yield, duration, modified duration and is calculated according to the following priority of prices: weighted average price (Average), market price (Market), closing price (Close), admitted price (Admitted), middle price (Mid), last price (Last). Indicative yield is calculated according to the following priority of yields: yield to maturity (effective), yield to put/call (effective), current yield.
| G-spread | T-spread, bp
i T-spread is calculated as the difference between the issue yield and the yield on government securities of the USA, Great Britain and Germany in the corresponding issue currency and with comparable modified duration (the calculations are based on the effective yields only). The value is computed only for issues in USD, EUR, GBP.
| |
|---|---|---|---|---|---|---|
| 12/09/2019 10:38 | **.** / **.** (***.** / **.**) | **.*** (***.**) | ||||
| 12/06/2019 | *** / *** (*** / ***) | *** (***) | *** | *** | Archive | |
| 12/06/2019 | *** / *** (*** / ***) | *** (***) | *** | *** | Archive |
Bond classification
| Subordinated | |
| Sinkable bond | |
| Perpetual | |
| Convertible | |
| Structured product | |
| Restructuring | |
| Securitization | |
| Mortgage bonds | |
| Trace-eligible |
| Covered | |
| Foreign bonds | |
| CDO | |
| Sukuk | |
| Retail bonds | |
| Supranational bond issues | |
| Green bonds | |
| Non-Marketable Securities |
Identifiers
| ISIN / ISIN RegS | XS1526108235 |
| ISIN temp/unrestr. | XS1602316454 |
| Common Code / Common Code RegS | 152610823 |
| CFI / CFI RegS | DBFNQR |
| FIGI / FIGI RegS | BBG00FD2SX04 |
| WKN / WKN RegS | A19CC2 |
| Ticker | HONAIR V7.125 PERP |
Primary placement
| Issuer rating on issue date (M/S&P/F) | ***/***/*** |
| Placement | **/**/**** - **/**/**** |
| Initial issue amount | ***,***,*** |
| Initial issue price (yield) | ***% ( - ) |
| Spread over US Treasuries, bp | ***.* |
Participants
| Bookrunner: | Bank of China, CCB International, Credit Suisse, Guotai Junan Securities, Hong Kong International Securities Limited, Societe Generale |
| Arranger Legal Adviser (International law): | King & Wood Mallesons |
| Issuer Legal Adviser (Domestic law): | Baker McKenzie, Maples & Calder |
| Paying agent: | BNY Mellon |
Tap issues
| № | Date | Placed amount/buyback (par), m | Placement participants |
|---|---|---|---|
| 1 | **/**/**** | *** | Bookrunner:
Bank of Communications, CCB International, China Huarong Asset Management, Guotai Junan Securities, Hong Kong International Securities Limited, Orient Securities International Holdings, Societe Generale |
| 2 | **/**/**** | ** | Bookrunner:
Bank of China |
| 3 | **/**/**** | ** | Bookrunner:
Bank of China |
Payment schedule
*****
| Coupon date | Actual Payment Date | Coupon, % | Coupon payment amount, USD | Redemption of principal, USD | ||
|---|---|---|---|---|---|---|
| Show previous | ||||||
| 1 | **/**/**** | **/**/**** | *.*** | *,*** | ||
| 2 | **/**/**** | **/**/**** | *.*** | *,*** | ||
| 3 | **/**/**** | **/**/**** | *.*** | *,*** | ||
| 4 | **/**/**** | **/**/**** | *.*** | *,*** | ||
| 5 | **/**/**** | **/**/**** | *.*** | *,*** | ||
| 6 | **/**/**** | **/**/**** | *.*** | *,*** | ||
| 7 | **/**/**** | **/**/**** | *.*** | *,*** | ||
| Show following | ||||||
