K. Wah’s cost controls
Oct 20, 2014
Fixing the risk: K. Wah’s fund-raising strategy
As part of K. Wah International’s interest rate risk mitigation strategy, the property firm issued a seven-year fixed-rate bond on September 4. Its CFO explains why.
Property developer K. Wah International Holdings (K. Wah) completed its fifth private bond placement this year on September 4, having raised a total of HK$1 billion between March and September. A common characteristic to each transaction is that they were seven-year fixed-rate coupons, a strategy that the company uses to mitigate against interest rate risk.
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