trending Market Intelligence /marketintelligence/en/news-insights/trending/oA_bd0eYPm_tWsGN2XTGqg2 content esgSubNav
In This List

Star Asia Investment prices 66,200 new investment units

Blog

Corporate Credit Risk Trends in Developing Markets An Expected Credit Loss ECL Perspective

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Blog

Corporate Credit Risk Trends in Developing Markets: A Loss Given Default (LGD) Perspective

Blog

Real Estate News & Analysis: May Edition


Star Asia Investment prices 66,200 new investment units

Star Asia Investment Corp. priced 66,200 new investment units at ¥96,720 apiece, bringing the total issue price of its primary offering to approximately ¥6.40 billion.

The units will be issued at a discount of 2.50% to the company's March 28 share price of ¥99,200. In addition, Star Asia Investment will launch a secondary offering through an overallotment of 3,400 investment units, also priced at ¥96,720 apiece, bringing the total offer price to approximately ¥328.8 million.

The company will also issue new investment units through a third-­party allotment. This offering, which has a maximum issue amount of ¥317.0 million, is subject to cancellation if there are no applications for subscription of all or a part of the units.

The net proceeds from the primary offering will be directed towards property acquisitions, while net proceeds from the third­-party allotment will be used to help repay debt.

As of March 27, US$1 was equivalent to ¥110.42.