The senior unsecured fixed rate ASEAN green bonds due September 2024 were priced at 99.641 with a re-offer
yield of 2.
Seattle, WA, June 21, 2018 --(PR.com)-- The King County Real Estate Services Section is hosting an online tax title re-offer
through online auction website Bid4Assets.com.
Treasury, which resulted in a re-offer
yield of 2.889% and re-offer
price of 99.357% for the bonds.
The bond, which matures on 10 July 2015, came with issue and re-offer
prices of 99.676%.
The coupon for the issue has been set at 15 basis points over three-month Euribor, re-offer
price at par.
The company claimed that the issue was well received in the market and was priced at a re-offer
spread of 424.6 basis points over the US Treasuries.
The 6.75% bond is due on 24 March 2014 and has a re-offer
price of 99.555% to give a spread of mid swaps plus 410 basis points.
Today, the Midtown real estate market is very healthy and the time was right to re-offer
the property for sale."
Considering the re-offer
price, the yield to maturity is 0.739% per annum, equivalent to the 7-year mid-swap rate plus 45 basis points, approximately 10 basis points under the BTP of the same maturity.
The new tranche was placed at a re-offer
price of 99.702% of par value in a deal managed by DZ Bank, HSBC (LON:HSBA), JP Morgan (NYSE:JPM), Credit Suisse Securities (Europe) Limited and Landesbank Berlin.