HPL    Last:4.6    -0.02

HPL

Hotel Properties prices S$170m five-year notes at 3.8%

FRI, MAY 22, 2020 - 1:40 PM

HOTEL Properties Limited (HPL) has closed the order book for S$170 million of five-year notes, recording S$200 million from over 30 accounts, joint lead manager and bookrunner DBS said on Friday.

The senior unsecured notes will carry a 3.8 per cent coupon rate, which is 328.5 basis points above the five-year swap offer rate. They are expected to be issued on June 2, 2020 and will mature on June 2, 2025.

The notes will be issued at an issue price of 100 per cent their principal amount and pay coupons on a semi-annual basis, payable in arrear on June 2 and Dec 2 of each year.

They also fall under the mainboard-listed hotelier' s S$1 billion multicurrency debt issuance programme.

According to DBS, 73 per cent of the offering went to fund managers and banks, while 27 per cent went to private banks and corporations. By geography, 99 per cent of the offering went to Singapore investors and the remaining went to investors from other countries.

Proceeds from the issuance will be used for refinancing existing borrowings and financing Hotel Properties' working capital requirements.

The joint lead managers and bookrunners for the issuance are DBS Bank (B& D) and United Overseas Bank.

HPL shares last traded at S$2.93 on Thursday. 

https://www.businesstimes.com.sg/companies-markets/hotel-properties-prices-s170m-five-year-notes-at-38
 

 

HPL no money.

The Board had recommended a first and final one-tier tax exempt dividend of 4 cents per ordinary share and a one-tier tax exempt special dividend of 6 cents per ordinary share for the year ended 31 December 2019 (&ldquo Proposed Dividends&rdquo ) for shareholders&rsquo approval at the forthcoming Annual General Meeting (&ldquo AGM&rdquo ).

In view of the rapid evolving Covid-19 pandemic which has a growing impact on the global economy and as a matter of prudence,the Board had revisited the Proposed Dividends. The Board stressed the importance of having strong cash flow reserves in this time of uncertainty but yet balancing the returns expectation of the shareholders. After due and careful consideration, the Board wishes to announce that the Proposed Dividends will be revised to a first and final one-tier tax exempt dividend of 4 cents per ordinary share and a one-tier tax exempt special dividend of 4 cents per ordinary share for the year ended 31 December 2019 and the same will be tabled at the forthcoming AGM for shareholders&rsquo approval

 

Privatize at weak market, IPO at bull market

lifeisgood      ( Date: 06-Mar-2020 21:19) Posted: Offer coming? ahberngh      ( Date: 06-Mar-2020 19:22) Posted: HPL last done 3.37, has not come this low in a few years. Lately the price has been dropping significantly. Is price being suppressed to launch a low ball takeover? Long suffering shareholders beware.

 

Offer coming?

ahberngh      ( Date: 06-Mar-2020 19:22) Posted: HPL last done 3.37, has not come this low in a few years. Lately the price has been dropping significantly. Is price being suppressed to launch a low ball takeover? Long suffering shareholders beware.

 

HPL last done 3.37, has not come this low in a few years.
Lately the price has been dropping significantly.
Is price being suppressed to launch a low ball takeover?
Long suffering shareholders beware.

 

Sharing only
Info as of to-date, compiled from HPL announcements via SGX

Outstanding Shares (after last buy-back)

520,882,151


Major / Related Shareholders

OBS
Direct 109,812,255
Indirect 205,429,232 (held by 68 Holdings 179,020,924 Christina Ong (Spouse) 23,457,308 Reef Holdings 2,951,000)

Nassim Developments 117,347,282

David Fu 26,026,307

Stephen Lau, Director 868,000

Christopher Lim, Director 1,191,500

Total: 460,674,576 (88.44%)
 

 

Today manage to grab at 3.75 happy

blitz99      ( Date: 06-Jan-2020 22:17) Posted: The company bought more shares today  total 15,900 bought back today.

 

The company bought more shares today 

total 15,900 bought back today.

 

Co stop share buy back ahead of full year result.. Price may drop

blitz99      ( Date: 03-Jan-2020 13:31) Posted: Wah today no trades done yet...

 

Co stop share buy back ahead of full year result.. Price may drop

blitz99      ( Date: 03-Jan-2020 13:31) Posted: Wah today no trades done yet...

 

Wah today no trades done yet...

 

SQ 3.89 4600 shares
SQ 3.90 939,300 shares

Boss OBS pls?

 

The $3.90 is to force every seller to sell lower than $3.90

AttasBoss      ( Date: 02-Jan-2020 12:29) Posted: If so the 3.90 Q will be crying regret for selling cheap. I think the 3.90 q is to scare retailers to sell superstartup      ( Date: 02-Jan-2020 12:11) Posted: If the 3.90 block get eaten up by OBS, should smell GO liao

 

4th day share buy back

 

If so the 3.90 Q will be crying regret for selling cheap.
I think the 3.90 q is to scare retailers to sell

superstartup      ( Date: 02-Jan-2020 12:11) Posted: If the 3.90 block get eaten up by OBS, should smell GO liao

 

If the 3.90 block get eaten up by OBS, should smell GO liao 

 

You guys really testing OBS.
Y put sell order at 3.83? 

Well, ok to take profit la.

 

The interesting part is the 939k shares block at $3.90

lifeisgood      ( Date: 01-Jan-2020 12:25) Posted: I would imagine reactions can' t be bad.  AttasBoss      ( Date: 01-Jan-2020 11:33) Posted: Let's see new year market's reaction to this shares buy bac

 

I would imagine reactions can' t be bad. 

AttasBoss      ( Date: 01-Jan-2020 11:33) Posted: Let's see new year market's reaction to this shares buy back lifeisgood      ( Date: 31-Dec-2019 15:09) Posted: Seems like the company is telling us it has a lot of extra cash. A good sign.

 

Let's see new year market's reaction to this shares buy back

lifeisgood      ( Date: 31-Dec-2019 15:09) Posted: Seems like the company is telling us it has a lot of extra cash. A good sign.