HDC Tender -Â Checking up on Current Trade Status
This post checks up on the current status of the HDC tender event.Current arb yield on the HDC tender stands at 4.71% (as of 11:50 AM in Korea's...
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HDC Tender: Key Points from Conversation with Holdings IR This Morning
I had a phone conversation with the HDC Holdings (012630 KS) IR staff this morning about several key points. Below is a summary of this...
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HDC Tender Hedge Ratio Estimation - Arb Yield Is Still Too Appealing
The HDC tender event is still giving a very appealing arb yield at 8.93%. As a result, local short-term funds again came back and have done arb...
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HDC Tender: Two Ways of Playing This Event
HDC tender spread is still hovering at a 7-8% level. But local institutions' long-short arb trades seem to be taking a pause over the last two...
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HDC Tender Current Status: Spread Is Still There
We now have the official swap ratio of 2.48095. That is, Holdings will target a total 13,181,466 Hyundai Dev Co shares for ₩58,672 per share and...
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