Posted by twynstar > 2021-10-24 22:00 | Report Abuse

Nice article !! Very detailed analysis !!

Posted by zhangzuode > 2021-10-25 08:13 | Report Abuse

Thank you for reading. Appreciate the feedback.

Posted by DragonG > 2021-10-25 14:12 | Report Abuse

Quantum of the Bond maybe US$ 300m or US$ 110m (RM 450.3m) and the fixed rate might be 7.18% - May I know where you get this rate of 7.18%. Bank loan interest is definitely at least 1% -2% lower. Shouldn't it be wiser to get a bank loan instead of issue bond?

Posted by zhangzuode > 2021-10-25 17:19 | Report Abuse

It is stated in the Report (Investor material Oct 21) posted on Hibiscus site - page F-12.

Yes, a bank loan might have lower interest, however, the terms might be too onerous. I think that the 7.18% indicated might be the top, maybe 5% would be fair since it is a US$ bond. Thus should interest be that low or lower, Hibiscus might then issue more to capture the low interest.

Also, a circular for the Bond was issued as per page F-3.

Thank you for reading.

Posted by DragonG > 2021-10-25 17:49 | Report Abuse

Thank you for answer.