Palm Hills Developments logo

PHDC - Palm Hills Developments News Story

EGP1.69 0.0  2.9%

Last Trade - 20/04/21

Sector
Size
Market Cap £n/a
Enterprise Value £n/a
Revenue £n/a
Position in Universe th / 0

BRIEF-Palm Hills Developments to issue bonds of upto EGP 700 mln

Mon 7th August, 2017 2:13pm
Aug 7 (Reuters) - PALM HILLS DEVELOPMENTS COMPANY  PHDC.CA  
    * COMMENCES SECURITIZATION OF RECEIVABLES, TO ISSUE BONDS OF 
UPTO EGP 700 MILLION 
    * BOND ISSUE IS PART OF CO'S PLAN TO DECREASE FINANCIAL 
LEVERAGE, IMPROVE FINANCIAL POSITION BY SECURITIZING HOUSING 
UNITS RELATED RECEIVABLES 
    * SECURITIZATION OF RECEIVABLES IS FOR HOUSING UNITS WORTH 
EGP 2.5 BILLION, DELIVERED TO CUSTOMERS DURING 2 TO 3 YEARS 
 
Source: (http://bit.ly/2wmFsr5) 
Further company coverage:  PHDC.CA  
 
 ((Bangalore.newsroom@thomsonreuters.com;))

Recent news on Palm Hills Developments

See all news
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.