Great Wall Pan Asia Holdings Ltd
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Based in Hong Kong
Company profile

Great Wall Pan Asia Holdings Limited, formerly Armada Holdings Limited, is an investment holding company. The Company, through its subsidiaries, is involved in property investment. It holds various commercial and industrial properties in Hong Kong. The Company is also involved in leasing out its properties. The Company owns a portfolio of assets in Hong Kong, including investment properties in Bank of America Tower, Yue King Building in Causeway Bay, Sea View Estate in North Point and Ko Fai Industrial Building in Yau Tong, Kowloon, and The Yue King Building advertisement sign board in Causeway Bay. The Company owns approximately 266,000 square feet of development land in Clear Water Bay in New Territories. The Company also owns interest in the Dymocks Bookstore franchise in Hong Kong.

Closing Price
$0.055
Day's Change
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--
Day's High
0.055
Day's Low
0.055
Volume
500

Tesla fans snap up bonds tied to car maker's leases, its first such offering during pandemic

5:27 pm ET July 30, 2020 (MarketWatch)
Print

Tesla Inc. (TSLA) saw high demand this week for a bond deal tied to leases on its electric vehicles, a first of its kind during the pandemic. As investors piled orders into the 8-tranche bond deal, the car maker was able to borrow more than $700 million at cheaper levels than initially anticipated. Specifically, its largest $215 million slug of AAA-rated bonds that mature in 1.1-years cleared the market at a spread of 35 basis points above a risk-free benchmark to yield 0.56%. Investors were pitched a slightly meatier spread in the area of 50 to 55 basis points earlier in the week, as bankers sought to drum up interest in the offering. The spread is the level investors earn on bonds over a risk-free benchmark, like U.S. Treasurys [S: tmubmusd10y]. Tesla's riskiest Ba2-rated class of 2.71-year bonds cleared at a yield of 4.6%, according to an investor tracking the offering. Tesla stock fell 0.8% Thursday, as did much of the broader equities market, after data showing the U.S. second-quarter gross domestic product fell by a record 32.9%. Shares still have outpeformed for the year, up 255.6%.

-Joy Wiltermuth; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

July 30, 2020 17:27 ET (21:27 GMT)

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